POSTED BY February 22, 2014 10:11 am COMMENTS (2)ON
I am a salaried person and my wife is a homemaker without any sources of income except bank interest. I have a query on clubbing income clause:
If my wife invests the amount X received by her as per Hindu succession act and gets interest Y, then, is this amount Y is clubbed in my hand for tax purposes?
Thanks in advance and regards,