Clubbing of income
Kiran Sharma (34 Points)
07 January 2020
if Mr. X gift a vehicle to Mrs.X and Mrs.X earn income through such vehicle then in which hand such income will be taxable
Kiran Sharma (34 Points)
07 January 2020
manthan shete
(37 Points)
Replied 07 January 2020
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 07 January 2020
If It were invested in to the business which also has other Assets, then only the proportionate Income is clubbable as per the explanation placed under the above mentioned Section.
Kapadia Pravin
(17249 Points)
Replied 07 January 2020
Kiran Sharma
(34 Points)
Replied 07 January 2020
CAclubindia
