Can income from assets transferred to son’s wife without adequate consideration be clubbed with the income of transferor, i.e., father-in-law/mother-in-law?

Can income from assets transferred to son’s wife without adequate consideration be clubbed with the income of transferor, i.e., father-in-law/mother-in-law? https://www.taxtmi.com/manuals?id=4155 Income from assets transferred, directly or indirectly, to a son's wife without adequate consideration is clubbed with the transferor under section 64(1)(vi), and remains chargeable to the transferor even if the transferee changes the form of the asset. Clubbing does not apply where the transfer occurred before the son's marriage, because the father in law/mother in law-daughter in law relationship must exist both at transfer and at income accrual; absence of that relationship on accrual prevents clubbing. en-us Mon, 25 Dec 2023 16:29:00 +0530 Thu, 11 Jan 2024 15:21:00 +0530 TaxTMI RSS Generator Can income from assets transferred to son’s wife without adequate consideration be clubbed with the income of transferor, i.e., father-in-law/mother-in-law? https://www.taxtmi.com/manuals?id=4155 Income from assets transferred, directly or indirectly, to a son's wife without adequate consideration is clubbed with the transferor under section 64(1)(vi), and remains chargeable to the transferor even if the transferee changes the form of the asset. Clubbing does not apply where the transfer occurred before the son's marriage, because the father in law/mother in law-daughter in law relationship must exist both at transfer and at income accrual; absence of that relationship on accrual prevents clubbing. Manuals Income Tax Mon, 25 Dec 2023 16:29:00 +0530 https://www.taxtmi.com/manuals?id=4155