10-mark question · Part C · Law of Taxation

The assessee during the financial year, has invested FD of a sum of Rs. 5,00,000/- in the sanme of his wife who is a house wife having no income of her own and not an assessee. The assessee does not want to show the interest accrued on the FD and seeks your clarification and advise. As a tax consultant advise your client.

Appeared in

• Law of Taxation · May/June 2015 Mapped paper Download

Mapped topics

• Salary and income from house property — Unit II
• Residential status and scope of total income — Unit I
• Chapter VI-A deductions and total income — Unit III

Mapped case laws