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Samkit

Samkit Maniar  | Answer  |Ask -

Tax Expert - Answered on May 26, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Asked by Anonymous - Apr 30, 2024Hindi
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We are senior citizens. I am now retired.while in service I have contributed to my ppf act And also to wife,s ppf act .Both combined is within 80 C limit. My wife is only house wife. Now my ppf act is matured. She has deposited hef ppf amt in SCSS act. Is This interest on her SCSS act is taxable in my hands or in my wife .she is not an assessee so far. Kindly clarify

Ans: Whilst clubbing of income applies provided income is taxable. Hence amount deposited by you in her PPF account is not taxable. Once it matures and reaches her account she becomes owner of such asset and thereafter any interest ought to be taxable in her returns.

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I am a retired govt. servant and get pension. Also I get Interest from Deposits, Saving and Acc. Int. I show this income in my Income Tax returns filed in Form ITR-1 SAHAJ. During the current Financial Year I have received the maturity amount of my PPF maintained in the Post Office. Out of the amount received I have a certain amount given as a gift to my spouse. She has invested the said amount received by her from me as a gift in the SCSS A/C and gets interest on that amount. I want to know whether the amount she receives as interest from the amount given by me is to be included in my income and to be shown in the Income Tax Return. If so, at what place i.e. in which column? I have to show the income so included as I do not see such places or column. In which I have to indicate this amount Sr. No. B3 Income from Other Sources along with the Interest received by me from Deposit etc. Since the amount of interest received by my spouse is included in my Income, Whether the said amount is also to be shown in her Income Tax Return or otherwise? As if it is to be shown in her return also then there will be duplication. This clarification is sought as I file my return myself and since the notice I or my wife may not get. I hope you will kindly guide me in this regard and oblige us. Thank you in advance.
Ans: If taxpayer directly or indirectly transfers an asset to spouse for inadequate consideration than Income from such asset is clubbed in the hands of the transferor. Transferor (taxpayer) should show such income in Schedule SPI of Income Tax Return filed by such tax payer in whose hands income is clubbed. No need to show said income in the income tax return of spouse. 

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Career Counsellor - Answered on Jul 15, 2025

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Hi Sir. I got 79.89 marks percentile in mht cet . Which college should I get in Pune in open cast
Ans: Aditi, With a 79.89 percentile in MHT-CET under the open category, assured admission in Pune’s reputable AICTE-approved, NBA/NAAC-accredited institutes offering B.Tech programmes is possible at these fifteen colleges, each featuring modern labs, experienced faculty, strong industry linkages and placement cells achieving 75–88% branch-wise placement consistency over the last three years. Indira College of Engineering and Management, Pune (Talegaon) offers robust computing and electronics labs. JSPM Rajarshi Shahu College of Engineering, Tathawade features dedicated project centres and industry moUs. MIT Academy of Engineering, Alandi provides specialized software and hardware labs. Sinhgad College of Engineering, Vadgaon boasts an active coding culture. PVG’s College of Engineering, Pune ensures hands-on practical exposure. Army Institute of Technology, Dighi leverages defence-grade infrastructure. MIT-WPU, Kothrud combines liberal-arts electives with tech labs. AISSMS College of Engineering, Shivajinagar delivers urban campus connectivity. Vishwakarma Institute of Information Technology, Bibwewadi maintains strong recruiter networks. Cummins College of Engineering for Women, Karvenagar supports focused technical training. Bharati Vidyapeeth College of Engineering, Lavale offers interdisciplinary workshops. Symbiosis Institute of Technology, Lavale integrates analytics and AI labs. Symbiosis Skills and Professional University, Kiwale partners with industry for live projects. Dr. D.Y. Patil Institute of Technology, Akurdi hosts a centralized placement drive. Pune Vidyarthi Griha’s College of Engineering, Nashik extends Pune-campus collaborations.

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Indira College of Engineering and Management stands out for its balanced curriculum, strong electronics and computing labs and consistent 85% placement rate. JSPM Rajarshi Shahu College follows for its extensive industry partnerships and hands-on projects. MIT Academy of Engineering merits due to its specialized labs and proactive placement cell. Sinhgad College of Engineering offers an active coding community and 80% placements. PVG’s College of Engineering ensures comprehensive practical training and steady recruiter engagement. All the BEST for Admission & a Prosperous Future!

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Graphic era or CU for btech cse
Ans: Tushar, Graphic Era University (Dehradun) is a NAAC-A-accredited deemed university offering a robust CSE curriculum with over 25 years of academic heritage, PhD-qualified faculty from IIT/NIT backgrounds, specialized AI/ML, IoT and cybersecurity labs and an incubation centre fostering entrepreneurship. Its placement cell reports 80–100% CSE placement consistency, with average packages around ?5–6 LPA and recruiters such as Google, Microsoft, Adobe and TCS. Chandigarh University (Chandigarh) is a UGC, AICTE and AIU-approved private university with NBA-accredited CSE, state-of-the-art computing, big-data and cloud labs, and a dedicated training cell managing 900+ recruiters. In 2024–25, it recorded a 74% CSE placement rate and an average package of ?9.54 LPA, with domestic and international offers from Amazon, Deloitte and Infosys. Both institutions emphasize industry-aligned curricula, strong academic infrastructure, experienced faculty and active placement support.

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Choose Chandigarh University for higher average packages, broader recruiter engagement and cutting-edge labs if immediate placement metrics are paramount; opt for Graphic Era University if you seek a well-established academic legacy, balanced placement consistency and a focused incubation ecosystem to support startups and research initiatives. All the BEST for Admission & a Prosperous Future!

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