Chapter 9: Clubbing of Income (Section 61 To 64) : Advance Direct Tax and Service Tax (Sub Code: 441)
Chapter 9: Clubbing of Income (Section 61 To 64) : Advance Direct Tax and Service Tax (Sub Code: 441)
Chapter 9: Clubbing of Income (Section 61 To 64) : Advance Direct Tax and Service Tax (Sub Code: 441)
(Section 61 to 64)
Any Person or AOP – Income from the asset Payer may be any In the hands of
Who received the transferred directly or one Transferor
income for the indirectly to the spouse But the income must
immediate or deferred without Adequate be arise only from
benefit of his/her spouse Consideration to the Person asset so transfer
OR his son’s wife or AOP
Income accrue or arise to Any income arising through Payer may be any To be clubbed with
Minor Child (Not being transfer of the Asset by one that Parent’s income
suffered by decease as Parents whose income is
specified under section higher.
80U)
Income accrue or arise Any income to Minor from Payer may be any one NO Clubbing of such
to Minor Child (Not – income received by
being suffered by Manual work done by him Minor
decease as specified OR
under section 80U) Any activity involving
application of his skill,
talent or specialized
knowledge
Income to HUF: Income from such Payer may be any one In the hands of
Where an individual converted / transferred Transferor
transfer his separate property
asset to the HUF