[aaykarbhavan] Clubbing Provisions

One of our client want to Gift Rs. 10 lac to his wife. Spouse will in turn will be investing the same in equity shares and advancing the loans to companies in which she has more than 20% holding. She will be receiving interest at market rate.

Gift will be given by executing proper gift deeds.

Would like to know the whether clubbing provision will be applicable on duly executed gift transactions.

Would also like to know whether clubbing provision will be applicable if gift is given by adult children to parents or vice versa.

Thanks in advance

Regards

Rakesh Kr Baid

9433002201

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