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    <title>Income of individual to include income of spouse, minor child, etc.</title>
    <link>https://www.taxtmi.com/acts?id=49097</link>
    <description>Clause 99 requires inclusion in an individual&#039;s total income of specified income of the spouse, son&#039;s wife, and minor child where such income arises directly or indirectly for the individual&#039;s benefit, sets exclusions for minor&#039;s own manual or skill-based earnings and certain disabilities, prescribes a proportional formula for income from investments made by the spouse or son&#039;s wife in businesses or firms, treats conversion of separate property into family property as a deemed transfer with specified partition consequences, and defines allocation, permanence of inclusion, &quot;substantial interest,&quot; &quot;property,&quot; and that &quot;income&quot; includes loss.</description>
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    <pubDate>Fri, 14 Feb 2025 16:49:58 +0530</pubDate>
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      <title>Income of individual to include income of spouse, minor child, etc.</title>
      <link>https://www.taxtmi.com/acts?id=49097</link>
      <description>Clause 99 requires inclusion in an individual&#039;s total income of specified income of the spouse, son&#039;s wife, and minor child where such income arises directly or indirectly for the individual&#039;s benefit, sets exclusions for minor&#039;s own manual or skill-based earnings and certain disabilities, prescribes a proportional formula for income from investments made by the spouse or son&#039;s wife in businesses or firms, treats conversion of separate property into family property as a deemed transfer with specified partition consequences, and defines allocation, permanence of inclusion, &quot;substantial interest,&quot; &quot;property,&quot; and that &quot;income&quot; includes loss.</description>
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      <pubDate>Fri, 14 Feb 2025 16:49:58 +0530</pubDate>
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