Clubbing of income: income from assets transferred for spouse's benefit is taxed in transferor's hands. Clubbing of income under Section 64(1)(vii) requires that income from assets transferred without adequate consideration be included in the transferor's income where the income is for the immediate or deferred benefit of the transferor's spouse, thereby taxing the transferor rather than the nominal recipient.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clubbing of income: income from assets transferred for spouse's benefit is taxed in transferor's hands.
Clubbing of income under Section 64(1)(vii) requires that income from assets transferred without adequate consideration be included in the transferor's income where the income is for the immediate or deferred benefit of the transferor's spouse, thereby taxing the transferor rather than the nominal recipient.
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