TMI BlogLiability of the transferee in respect of Clubbed Income - Section 65X X X X Extracts X X X X X X X X Extracts X X X X ..... sferee in respect of Clubbed Income - Section 65 Although clubbing provision is applicable, and income is taxable in the hands of transferor, still notice of demand can be served on the transferee a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that portion of the tax levied on the transferor which is attributable to the income so clubbed. * Where any such asset is held jointly by more than one person, they shall be jointly and severally l ..... X X X X Extracts X X X X X X X X Extracts X X X X
|