Can income from assets transferred to any person for the benefit of spouse or for the benefit of son’s wife without adequate consideration be clubbed with the income of transferor?

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..... of Income - Income Tax - Frequently Asked Questions (FAQs) - Income Tax - Manuals - Ans. As per section 64(1)(vii) , if an individual transfers (directly or indirectly) his/her asset otherwise tha .....

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..... on of persons for the immediate or deferred benefit of his/her son's wife, then income arising from the asset so transferred will be clubbed with the income of transferor. - Manuals - Ready rec .....

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