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of <h1>Income Tax Bill 2025 Updates Clubbing Provisions to Prevent Tax Evasion Through Family Income Transfers</h1> Clause 99 of the Income Tax Bill, 2025 updates the 'clubbing of income' provisions from Section 64 of the Income Tax Act, 1961. Both aim to prevent tax evasion through income diversion to family members. The clause includes income from spouse's employment where the individual has substantial interest, assets transferred to spouse or son's wife without adequate consideration, and income of minor children except when derived from their personal skills or efforts. The provision also addresses income from transferred assets invested in business and conversion of individual property to Hindu Undivided Family property. The 2025 Bill maintains the core principles while providing more structured calculation approaches for certain scenarios.
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