Professional
63 Points
Posted on 20 May 2015
My question is with regards to Clubbing. This is because any irrevocable tranesfer without consideration is clubbed in the hand of transferor. Eg: I gift sum of Rs. 50,00,000 to my brother. My brother invested said sum in Shares. Now clubbing Prov. says Inocme/Loss from the said share should be clubbed in my hand.