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Clubbing of income

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Kishan Kashyap

Student

79 Points Posted on 09 April 2020

Is assessee required to pay tax on all clubbed income

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Quick Summary

This discussion clarifies the rules around clubbing of income for tax purposes. While income is combined to calculate total taxable income, the individual whose income is clubbed is typically responsible for paying the tax on it. This applies even to income earned by a minor, with specific exceptions.

CA Naveen Chand

Chartered Accountant

12739 Points Posted on 09 April 2020

income is clubbed for the purpose of Computing Total Income and Tax thereon Who ever tax has to be actually paid by the other person whose income is clubbed . (except Minor Income)