TaxTMI 
TaxTMI 
Clubbing provision under Wealth Tax Act
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....lubbing provision under Wealth Tax Act<br> Query (Issue) Started By: - Vikas Aggarwal Dated:- 10-8-2013 Last Reply Date:- 13-8-2013 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Dear Sir/Madam, I ha....
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....ve doubt in the following issue, plz guide/suggest me on this issues: Issue-1: If a Mother transfer/gift some wealth (Jewellery) to his major married son, can the said trf clubbed in the hand of moth....
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....er for wealth tax purpose or it is valued in the hand of son's Is gift deed required for the said transfer. Issue-2: Reply By Sanjeet Kumar: The Reply: Dear Sir, As per the Section 4(ii) of wea....
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....lth Tax Act, the world minor son is used for clubbing provision. So in my opion there is no clubbing if wealth is transferred to Major son. He is the liable to pay wealth tax on the same i.e. major so....
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....n. Provision for your reference:<br> Discussion Forum - Knowledge Sharing ....