https://www.taxtmi.com/acts?id=50869 Amendment revises clubbing rules by replacing Explanation 3: where assets transferred to a transferee (spouse, minor child, son's wife, son's minor child) are invested by the transferee in a business, the part of the transferee's business income proportionate to the value of the transferred assets as of the first day of the previous year relative to the transferee's total business investment as of that day is included in the transferor's total income. en-us Wed, 16 Apr 2025 15:34:34 +0530 Thu, 17 Apr 2025 13:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50869 Amendment revises clubbing rules by replacing Explanation 3: where assets transferred to a transferee (spouse, minor child, son's wife, son's minor child) are invested by the transferee in a business, the part of the transferee's business income proportionate to the value of the transferred assets as of the first day of the previous year relative to the transferee's total business investment as of that day is included in the transferor's total income. Act-Rules F. Acts / Amendment Acts Wed, 16 Apr 2025 15:34:34 +0530 https://www.taxtmi.com/acts?id=50869