Amount taxable or not

Sourav Roy (Querist) 29 April 2014 This query is : Resolved
My father recently retired from his service.He got some fund in the form of retirement settlement.Now my father want to transfer some money to my mother account for example say Rs.4 to 5 lac.Now is this amount taxable in behalf of my mother whether my mother has to give tax for that.Kindly help on the matter.

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B.Chakrapani Warrier (Expert) 29 April 2014
1. Money is tax free in the hands of mother.

2. Income arising to mother out of the money received from father will be clubbed along with the income of the father and accordingly, assessed in the hands of father.

Rajendra K Goyal (Expert) 30 April 2014
Agree with the expert B. Chakrapani ji.

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