Liability of the transferee in respect of Clubbed Income - (New) Section 100 / (old) Section 65

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....on (the "real owner" of asset or firm interest), but • That income is clubbed into another person's total income (the "assessee") under Chapter V or Section 25(a). Section 100 creates a parallel liability mechanism, irrespective of anything to the contrary contained in any other law in force, (a) Primary liability of the "real owner" If an asset stands in someone's name ....

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....ertificates • Garnishee proceedings Under Section 65 of the Income Tax Act, 1961 [ Upto 31.03.2026 ] Although clubbing provision is applicable, and income is taxable in the hands of transferor, still notice of demand can be served on the transferee and amount recovered from him. The transferee is liable to pay the portion of tax which is attributable to the clubbed inc....