Clubbing of Income [Sections 60 to 65]
The Income Tax Act contains provisions to prevent tax avoidance by transferring income to other persons (usually family members or related entities). Sections 60 to 65 specify situations where income earned by another person is included (clubbed) in the assessee’s total income. 1. Transfer of Income without Transfer of Asset [Section 60] If an individual […]
Clubbing of Income [Sections 60 to 65] Read More »