Clubbing of Income

Clubbing of Income under Income Tax Act, 1961 with FAQs

Income Tax - Clubbing of income means Income of other person included in assessees total income, for example: Income of husband which is shown to be the income of his wife is clubbed in the income of Husband and is taxable in the hands of the husband. Under the Income Tax Act a person has to pay taxes on his income....

Read More

Clubbing of Income from Assets Transferred to a Person for the Benefit of Son’s Wife

Income Tax - Provisions under section 64(1)(viii) Clubbing provisions on the Income from Assets Transferred to a Person tor the Benefit of Son’s Wife  By the virtue of section 64(1)(viii) where an individual (assessee) has transferred an asset to any person or AOP (association of persons) for the benefit of his or her son’s wife without any a...

Read More

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

Income Tax - 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 ...

Read More

Clubbing of Income from Self-acquired Property converted to Joint Family Property & subsequent Partition

Income Tax - Applicability of clubbing provisions where Income is derived from the separate property converted into Joint Family Property and subsequent Partition- Section 64(2). Transactions covered by Section 64(2) by an Individual, who is a member of HUF — In a case where an individual (who is a member of the HUF),— 1. Converts his separate pro...

Read More
Sorry No Post Found
Sorry No Post Found
Sorry No Post Found

Recent Posts in "Clubbing of Income"

Clubbing of Income under Income Tax Act, 1961 with FAQs

Clubbing of income means Income of other person included in assessees total income, for example: Income of husband which is shown to be the income of his wife is clubbed in the income of Husband and is taxable in the hands of the husband. Under the Income Tax Act a person has to pay taxes on his income....

Read More
Posted Under: Income Tax | ,

Clubbing of Income from Assets Transferred to a Person for the Benefit of Son’s Wife

Provisions under section 64(1)(viii) Clubbing provisions on the Income from Assets Transferred to a Person tor the Benefit of Son’s Wife  By the virtue of section 64(1)(viii) where an individual (assessee) has transferred an asset to any person or AOP (association of persons) for the benefit of his or her son’s wife without any a...

Read More
Posted Under: Income Tax |

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 ...

Read More
Posted Under: Income Tax |

Clubbing of Income from Self-acquired Property converted to Joint Family Property & subsequent Partition

Applicability of clubbing provisions where Income is derived from the separate property converted into Joint Family Property and subsequent Partition- Section 64(2). Transactions covered by Section 64(2) by an Individual, who is a member of HUF — In a case where an individual (who is a member of the HUF),— 1. Converts his separate pro...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (5,390)
Company Law (7,253)
Custom Duty (8,451)
DGFT (4,527)
Excise Duty (4,475)
Fema / RBI (4,650)
Finance (4,926)
Income Tax (36,864)
SEBI (3,950)
Service Tax (3,707)

Search Posts by Date

May 2021
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31