Comments on : Clubbing of Income

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Comments on Clubbing of Income

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Member (Account Deleted)

Wrote on 06 June 2013

how long the provision of clubbing will be applicable if gift received by spouse is invested and the income is received from such investment.

Sagar M.S

Wrote on 27 May 2013

Good one.As the language used is simple its easy for effective learning... Thank u:)

I think use of word 'daughter in law' will change the intention. Because in the absence of son (i.e. after the death of son) she is continue to be daughter in law but not son's wife as now she is son's widow. Pl give your views.

Patanjali

Wrote on 15 August 2012

as per sec 64 1 (vi) & (vii), clubbing provision will be attracted if transfer is made to son's wife.

Sanket Sangani

Wrote on 01 July 2012

how will cost of acquisition of bonus shares be 1 lac?

NageswaraRao

Wrote on 18 June 2012

Yes Bapurao, The income will be taxable in the hands of minor, but not in the hands of parents income.

K S Dhingra

Wrote on 17 June 2012

Maiden attempt by Saurabh and excellent.

Bapurao Shinde

Wrote on 15 June 2012

Thaks Sir, its very infromative article , but i have 1 dought, when income of minor child from his own skill & knowledge not be clubbed in the hands parents income, so the same income can be assessed in the name minor ?