TMI BlogTotal income to include income of spouse, minor child, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... ion, from a concern in which the individual has a substantial interest other than any income solely attributable to the application of the technical or professional knowledge and experience of the spouse; (ii) from assets transferred, directly or indirectly, to the spouse by the individual, otherwise than for adequate consideration, or in connection with an agreement to live apart;and (iii) from a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded family of which the individual is a member. (2) The income referred to in sub-clause (i) of clause (a) of sub-section (1) shall, regardless of anything contained therein, be included in the total income of the spouse whose total income (excluding the income referred to in that sub-clause) is higher. (3) The Board may precribe the method for determining the income referred to in sub-clause (ii) ..... X X X X Extracts X X X X X X X X Extracts X X X X
|