Clubbing in wealth tax
This query is : Resolved
09 September 2014
For asset to be clubbed u/s 4 when it has been transferred to daughter in law for inadequate consideration is it necessary that the relationship of father and daughter in law should exist on both transfer & valuation date. Is it not enough if the relationship exists only on Valuation date?
12 September 2014
Relationship must exist on both dates.
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