Income from assests to spouse

This query is : Resolved

harish (Querist)
Follow

01 May 2014 According to sec 64 (1) clause4 where an assest is transfered (other than house property) by an individual to his /her spouse otherwise than for adequate consideration or IN CONNECTION WITH AN AGREEMENT TO LIVE APART any such income from such asset will be deemed to be income of transferor. However this section not applicable in the case of : IF ASSETS ARE TRANSFERED IN CONNECTION WITH AN AGREEMENT TO LIVE APART. I'm confused on the highlighted portion. please clarify it thanks! in advance.

Rupesh Jain

Rupesh Jain (Expert)
Follow

01 May 2014 if you make agreement with his wife and tfr an assets with result of divorce or otherwise.

then income not include in your hand

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Narasimha Murthy

SUBHASH SAHA

saurabh sawlani

deepak

Rameshkumar Jain

Subscribe Now

Income from assests to spouse

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

Senior Executive

GST CONSULTANCY

Manager- Finance and Compliance