clubbinig of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2011
i have formed a company in which me and my wife are shareholder of 50% each and me and my wife are also director of the company and both getting remuneration from it. I have also rental income from house property. Wether clubbing provision are apply in the view of substancial interest
CA Harish Suwalka
(Expert)
16 June 2011
when both husband and wife hold substantial interest than remuneration will be included in the total income of the partner whose total income , excluding such remuneration is greater.
how ever if you succeed to prove that the remuneration received is fair and because of technical and professional qualification, than the clubbing provisions will not get attracted
how ever if you succeed to prove that the remuneration received is fair and because of technical and professional qualification, than the clubbing provisions will not get attracted
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