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Monthly transfer to mother

Income Tax - Started By: - Himanshu Agrawal - Dated:- 26-10-2015 Last Replied Date:- 12-12-2015 - If I do online transfer of some amount to my mother (a housewife, so no income from any source) then will the interest earned by my mother on the invested amount be taxable to me in any way? Will my mother need to file income tax because I am transfer some amount and she earns some interest on it?A clear yes/no answer, along with detailed explanation will be much appreciated. If you could link me to .....

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ion limit then will it attract income tax? Or income tax in her account will only be calculated based on interest earned during the financial year?So, it means a son can evade income tax on his account by transferring some amount to her mother's account? Could you please confirm my understanding.I would be much obliged if you could provide some reference or link which clearly quotes the same and I can read more about it. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You cannot evade tax si .....

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xed until it crosses tax bracket. Right?Also, once transferred amount is in the mother's account, income tax will be as per interest earned during financial year and not the principal transferred or account balance. Right? - Reply By Ganeshan Kalyani - The Reply = I understand that the amount transferred is already offered to tax by you in your income tax return. Therefore the amount will not be taxed again in the hands of your mother. it is simply a gift. Further the interest earned will be .....

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