Clubbing of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 May 2017
A doctor is purchasing vaccine in his own name for its patents. A separate amount he is charging for the same. Now he wants to purchase the said vaccine in the name of his spouse or HUF and to directly sell the same to patents. Whether that can be done. Is the income generated from sale of vaccine will be added to the income of the doctor?
CA R SEETHARAMAN
(Expert)
22 May 2017
Yes that can be done the income generated will not be added to the income of doctor.
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