Question
Mr. A transfers fixed deposit of ₹5 lakh to his wife without consideration. Interest of ₹50,000 is earned in her name. How will it be taxed?
More Taxation Related Questions
- First Auditor of a company is appointed by the ________________________
- In a monthly salary breakdown, how is Gross Salary computed before deducting taxes or social security contributions?
- A company incurs a loss of ₹5 lakhs in the current financial year. As per Income Tax Act, how is this treated?
- Under Section 36(4), what is the disallowance rule for general business expense payments made to a single person in a single day in cash (other than via ba...
- Which section of the Income Tax Act provides for a deduction of interest on a home loan for a self-occupied property?
- As per the Finance Act 2025, what is the revised tax rate for individuals opting for the new tax regime with income between ₹12 lakhs and ₹15 lakhs?
- Under which section of the Income Tax Act, 1961, are the provisions related to TDS on salary mentioned?
- A banking company has an option to claim a fixed percentage of every month's eligible ITC instead of segregating business and exempt credit. What is that p...
- The books of account of every company relating to a period of __________________ immediately preceding a financial year together with the vouchers relevant...
- Mr. A (age 45) has income from business ₹8,00,000 and capital gains (LTCG) ₹1,50,000. What is his tax liability? (Assume no deductions)
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)