TMI BlogCan income from assets transferred to son’s wife without adequate consideration be clubbed with the income of transferor, i.e., father-in-law/mother-in-law?X X X X Extracts X X X X X X X X Extracts X X X X ..... Frequently Asked Questions (FAQs) - Income Tax - Manuals - Ans. As per section 64(1)( vi ) , if an individual transfers (directly or indirectly) his/her asset to his/ her son's wife otherwise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f father-in-law/mother-in-law and daughter-in-law should exist both at the time of transfer of asset and at the time of accrual of income. If on the date of accrual of income, the relation of fathe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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