tax on income received through gift

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  1. hari123

    hari123 New Member

    if a son gives gift of rs-50000/- to his mother, and mother invests this amount in equity and whatever, income she earns whose income shall it be treated?

    1. son
    2. husband
    3. self
  2. Karan Batra

    Karan Batra Well-Known Member

    The income arising from equity would be clubbed with the income of the son
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