Clubbing of income u/s 64
This query is : Open
09 June 2014
Dear Sir,
If a Pvt Ltd co has 2 directors and both are illiterate and company pays salary to both directors then while filing the income tax returns will the clubbing provision attracts to spouse?...whether the spouse whose income is low will be clubbed with higher one?.
Please revert ASAP.
Thanks in Advance.
Rohan Agarwal.
If a Pvt Ltd co has 2 directors and both are illiterate and company pays salary to both directors then while filing the income tax returns will the clubbing provision attracts to spouse?...whether the spouse whose income is low will be clubbed with higher one?.
Please revert ASAP.
Thanks in Advance.
Rohan Agarwal.
10 June 2014
According to the provisions of section 64, any salary, commission, fees or any other sum paid to spouse of an individual without educational or technical qualifications or experience will be added to the income of that individual.
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