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Course
CA Inter
Subject
Auditing and Ethics
Category
Practice Questions
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Comments
Sk
21-Nov-2024
As per sec .64 any income arise from transfer assets to spouy will be tax in the hands of transferor so in this case pinky will be no liable (Nil) it would be taxable in the hands of pankaj.
Sarita
16-Nov-2024
Pankaj gifted an amount of Rs 3,00,000 to his wife, Pinky and ₹ 2,00,000 to his daughter, Rink aged 20 years, on 1st April 2017. Both Pinky and Rinky invested the amounts on the same date in Government of India 11% Taxable Bonds. The interest accrues yearly and is reinvested in the same bonds. Determine what will be the amount taxable in hands on Pinky for A.Y. 2021 -22? (a) ₹ 4,473 (b) ₹ 12,132 (c) ₹ 33,000 (d) Nil Sir.. Explain this one ..