Query regarding Clubbing Provision.

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243 Points Posted on 21 December 2020
Please tell me, Is it mandatory to club spouse's or minor child's incomes in certain cases with the total income of the "assessee" even though they all want to furnish and disclose the details in their own ITRs respectively?
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On 21 December 2020 at 10:02 Report
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This discussion clarifies whether it's mandatory to club the income of a spouse or minor child with the assessee's total income, even if they intend to file their own tax returns. The consensus is that income clubbing is indeed mandatory in certain situations. This is primarily to prevent tax evasion by transferring income to individuals in lower tax brackets.

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Tax consultant
5895 Points Posted on 21 December 2020
Elaborate more
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On 21 December 2020 at 21:08
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Accountant
4533 Points Posted on 23 December 2020
Yep, it's mandatory to club. Because income will taxed at lower rate in hands of spouse or minor then the real earner.

Contact -jaykishanc @ gmail.com for more details.
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On 23 December 2020 at 01:45

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