Clubbing of income exceptions: transfers for adequate consideration, separation agreements, or transfers before marriage exclude spouse clubbing.

Clubbing provisions of section 64(1)(iv) do not apply where the transfer to a spouse is for adequate consideration, is made in connection with an agreement to live apart, is effected before marriage, or where the transferee is not the transferor's spouse at the date income accrues because the husband wife relation does not subsist.

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