https://www.taxtmi.com/manuals?id=1176 Income arising directly or indirectly to a spouse from assets transferred to the spouse by an individual is included in the transferor's total income where the transfer is made without adequate consideration and is not in connection with an agreement to live apart, subject to the stated statutory exception. The clubbing rule applies only where there is a transfer of an asset to the spouse, the marital relationship exists when the income arises, and the transfer is not supported by adequate consideration. The provision also applies on a proportional basis so that only the income attributable to the transferred asset is clubbed back and not the spouse's entire income. en-us Tue, 15 Sep 2015 12:25:00 +0530 Thu, 25 Jun 2026 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1176 Income arising directly or indirectly to a spouse from assets transferred to the spouse by an individual is included in the transferor's total income where the transfer is made without adequate consideration and is not in connection with an agreement to live apart, subject to the stated statutory exception. The clubbing rule applies only where there is a transfer of an asset to the spouse, the marital relationship exists when the income arises, and the transfer is not supported by adequate consideration. The provision also applies on a proportional basis so that only the income attributable to the transferred asset is clubbed back and not the spouse's entire income. Manuals Income Tax Tue, 15 Sep 2015 12:25:00 +0530 https://www.taxtmi.com/manuals?id=1176