"30 April 2020" Archive - Page 6

Clubbing of Income from assets transferred to a person for benefit of spouse

Provisions under section 64(1)(vii): Where an Individual is assessable for the Income derived from the assets transferred to a person for the benefit of spouse As per section 64(1)(vii) of the Income Tax Act, if an individual (assessee) transfers his/her asset (directly or indirectly) otherwise than for adequate consideration to a person ...

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Posted Under: Income Tax |

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