Section 64(1)(ii)
This query is : Resolved
21 May 2009
"If husband and wife have substaintial interest in the concern and the both are in receipt of remuneration from such concern, remuneration will be included in the total income of spouse whose total income is greater excluding such remuneration"
I want to know that "such remuneration" means the excessive remueration which the spouse is getting over and above the qualification or total remuneration???
Please answer it as soon as possible.
E mail me at vinit@sheetalgroup.in
I want to know that "such remuneration" means the excessive remueration which the spouse is getting over and above the qualification or total remuneration???
Please answer it as soon as possible.
E mail me at vinit@sheetalgroup.in
21 May 2009
Hi,
Its the total remuneration which will be added in the hands of other spouse whose income is greater otherwise than remunaration from such firm. There is no question of any excessive remuneration. This is a deeming section therefore the total income of one spouse will be clubbed in the hands of other spouse.
Its the total remuneration which will be added in the hands of other spouse whose income is greater otherwise than remunaration from such firm. There is no question of any excessive remuneration. This is a deeming section therefore the total income of one spouse will be clubbed in the hands of other spouse.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- Share accounting-->fifo - capital gain - period as per fifo?
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
