Taxo on Clubbed Income

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  1. SunnyGavas

    SunnyGavas New Member

    When you book FD in the name of non working Spouse - say Homemaker Woman the interest earned is usually clubbed to the donator's income.

    How can we avoid the same?
    The cash be given as interest free loan to the Spouse to avoid clubbing of income. i.e the interest earned is not clubbed to donator - say husband.

    Is that right approach, if so whats the stamp paper/receipt to document the same.
    Will IT dept accepts it without questioning much ?

    Thanks
    Sunil
     
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