https://www.taxtmi.com/acts?id=50642 Amendment to section 64 refines spousal income attribution: clause deletions and a substituted proviso exclude attribution for income from a firm where the spouse has recognised professional qualifications; Explanation 1 designates inclusion of income in the spouse with the higher total income and restricts subsequent attribution absent Assessing Officer satisfaction after hearing; Explanations 1A and 2A are omitted; Explanation 3 prescribes proportional inclusion of income where assets transferred to specified relatives are invested in a business or as partnership capital. en-us Mon, 14 Apr 2025 17:27:58 +0530 Thu, 24 Jul 2025 11:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50642 Amendment to section 64 refines spousal income attribution: clause deletions and a substituted proviso exclude attribution for income from a firm where the spouse has recognised professional qualifications; Explanation 1 designates inclusion of income in the spouse with the higher total income and restricts subsequent attribution absent Assessing Officer satisfaction after hearing; Explanations 1A and 2A are omitted; Explanation 3 prescribes proportional inclusion of income where assets transferred to specified relatives are invested in a business or as partnership capital. Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 17:27:58 +0530 https://www.taxtmi.com/acts?id=50642