Suppose my mother is non senior citizen transfers 4Lakhs to my father who is a senior citizen to do fixed deposit to get 0.5% more interest. In this case will Clubbing provision apply and can he show it in ITR as 4Lakhs loan?

Anreads

Suppose my mother is non senior citizen transfers 4Lakhs to my father who is a senior citizen to do fixed deposit to get 0.5% more interest. In this case will Clubbing provision apply and can he show it in ITR as 4Lakhs loan? | anreads Forums | anreads