CLUBBING PROVISION

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..... CLUBBING PROVISION
Query (Issue) Started By: - Brijgopal kankani Dated:- 10-12-2014 Last Reply Date:- 15-1-2016 Income Tax
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Income Tax
I WANT TO TRANSFER MY INCOME TO WIFE/PARE .....

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..... NTS AS A GIFT BUT ACCORDING TO CLUBBING PROVISION OF INCOME TAX ACT, IT WOULD BE TAXABLE IN MY HAND THAN MY QUESTION IS WHAT CAN I DO SO THAT INCOME NOT TAXABLE IN MY HAND OR CLUBBING PROVISION WOULD .....

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..... NOT ATTRACT. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whatever the income gifted to your wife or parents is first taxable on your hand. After the transfer of amount by way of gift your wife or p .....

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..... arents will not be liable for tax. Clubbing of income does not arise in your case.
Discussion Forum - Knowledge Sharing .....

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