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Query on provision of clubbings
Replies (1)
Ms.Krina
First of all I advise you not to use SMS language here. You are going to be a professional in the near future. You language should be a refined one.
You know the answer but you have raised the question.
in case of situation (1) Income will not be clubbed as there is an agreement to live apart.
In case of situation (2) Income will be cluabbed as there is no agreement to live apart and the asset is transfered without adequate consideration.
Best Wishes
Sathikonda
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