Financial knowledge
MPR Sanjay Kumar (3145 Points)
14 March 2022
what is mean by clubbing of income in income tax act give some examples in detail way
1 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 14 March 2022
If a minor is earning income then it will be clubbed in the parents income .
If there is diversion of income , the income derived from it may clubbed in income of the originator..
If there is diversion of income , the income derived from it may clubbed in income of the originator..
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