Can income from assets transferred to any person for the benefit of spouse or for the benefit of son’s wife without adequate consideration be clubbed with the income of transferor?

Can income from assets transferred to any person for the benefit of spouse or for the benefit of son’s wife without adequate consideration be clubbed with the income of transferor? https://www.taxtmi.com/manuals?id=4156 Transfers of assets otherwise than for adequate consideration that yield an immediate or deferred benefit to the transferor's spouse result in income from those assets being clubbed with the transferor. Equivalently, where such transfers benefit the transferor's son's wife, income arising from the transferred assets is clubbed with the transferor's income, including transfers made through any person or association of persons. en-us Mon, 25 Dec 2023 16:30:00 +0530 Thu, 11 Jan 2024 15:22:00 +0530 TaxTMI RSS Generator Can income from assets transferred to any person for the benefit of spouse or for the benefit of son’s wife without adequate consideration be clubbed with the income of transferor? https://www.taxtmi.com/manuals?id=4156 Transfers of assets otherwise than for adequate consideration that yield an immediate or deferred benefit to the transferor's spouse result in income from those assets being clubbed with the transferor. Equivalently, where such transfers benefit the transferor's son's wife, income arising from the transferred assets is clubbed with the transferor's income, including transfers made through any person or association of persons. Manuals Income Tax Mon, 25 Dec 2023 16:30:00 +0530 https://www.taxtmi.com/manuals?id=4156