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Can income from assets transferred to any person for the benefit of spouse or for the benefit of son’s wife without adequate consideration be clubbed with the income of transferor?

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....g of Income - Income Tax - Frequently Asked Questions (FAQs)<br>Income Tax<br>Ans. As per section 64(1)(vii), if an individual transfers (directly or indirectly) his/her asset otherwise than for adequ....

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Can income from assets transferred to any person for the benefit of spouse or for the benefit of son’s wife without adequate consideration be clubbed with the income of transferor?