Kapoor gifted ₹ 10,00,000 to his wife Sunita Kapoor on 15th May 2020. The amount of gift of ₹ 10,00,000 was invested by his wife in debentures of a company on 1st June 2020 earning interest @12% p.a. The income of interest from the debentures earned by Sunita Kapoor shall be with the income of Kapoor in AY 2020-21.

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Question:Kapoor gifted ₹ 10,00,000 to his wife Sunita Kapoor on 15th May 2020. The amount of gift of ₹ 10,00,000 was invested by his wife in debentures of a company on 1st June 2020 earning interest @12% p.a. The income of interest from the debentures earned by Sunita Kapoor shall be with the income of Kapoor in AY 2020-21.

1.1,20,000, not clubbed

2. 1,00,000, clubbed

3. 1,00,000, not clubbed

4.1,20,000, clubbed

Posted by R4R Team
  1. Kapoor gifted ₹ 10,00,000 to his wife Sunita Kapoor on 15th May 2020. The amount of gift of ₹ 10,00,000 was invested by his wife in debentures of a company on 1st June 2020 earning interest @12% p.a. The income of interest from the debentures earned by Sunita Kapoor shall be with the income of Kapoor in AY 2020-21.
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