https://www.taxtmi.com/manuals?id=4153 Under section 64(1)(iv), income from an asset transferred by an individual to his or her spouse without adequate consideration is clubbed with the transferor; house property transfers without adequate consideration are governed by a different provision. The provision applies even where the transferee spouse changes the form of the asset (for example, investing gifted money in debentures), causing income from the resultant asset to be clubbed with the transferor. en-us Mon, 25 Dec 2023 16:27:00 +0530 Thu, 11 Jan 2024 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4153 Under section 64(1)(iv), income from an asset transferred by an individual to his or her spouse without adequate consideration is clubbed with the transferor; house property transfers without adequate consideration are governed by a different provision. The provision applies even where the transferee spouse changes the form of the asset (for example, investing gifted money in debentures), causing income from the resultant asset to be clubbed with the transferor. Manuals Income Tax Mon, 25 Dec 2023 16:27:00 +0530 https://www.taxtmi.com/manuals?id=4153