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Clubbing provision under Wealth Tax Act
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....lubbing provision under Wealth Tax Act<br> Query (Issue) Started By: - Vikas Aggarwal Dated:- 10-8-2013 Last Reply Date:- 16-8-2013 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Dear Sir/Madam, Issu....
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....e No-2: If a major married son transfer some wealth (Jewellery) to his father, acn it is clubbed in the hand of Son or value in the hand of father for Wealth tax purpose. Can gift deed required for ....
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....same transfer. Issue No-3: If member of HUF gift (through gift deed) some wealth (Jewellery) to HUF, is this tranfer clubbed in the hand of member or HUF. Thanks & regards, CA Vikas Aggarwal Reply....
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.... By CA GOPALJI AGRAWAL: The Reply: Issue 2- It would be taxable in the hands of Father. Issue 3- The wealth would be taxable in the hands of member.<br> Discussion Forum - Knowledge Sharing ....