Guide to .. Tax Management ,Tax Planning and Tax Saving
 

Clubing of Income - [Computation of Gross Total Income]

Income of an Individual to Include Income of Spouse (Husband/Wife of the Taxpayer) - Clubbing of Income [Section 64]

  1. Remuneration of Spouse from a concern in which the other Spouse has Substantial Interest [Section 64(1)(ii)]:

  2. When an Individual is Assessable in respect of Income from Assets Transferred to Spouse [Section 64(1)(iv)]:

  3. An Individual is Assessable in respect of Income from Assets Transferred to Son's Wife [Section 64(1)(vi)]:

  4. An Individual Is Assessable In Respect Of Income From Assets Transferred To A Person For The Benefit Of Spouse [Section 64(1)(vii)]

  5. An Individual Is Assessable In Respect of Income from Assets Transferred to a Person tor the Benefit of Son's Wife [Section 64(1)(viii)]

'Revocable Transfer of Assets' for Clubbing of Income (Section 61)

  1. Examples of Revocable Transfer with different situations :

  2. When a transfer is Revocable [Section 63]:

  3. Section 61 not applicable, if the transfer is Irrevocable for a specified period [Section 62]:

Clubbing of Income [Section 60 to 65]

Clubbing of Remuneration of Spouse from a Concern in which the other Spouse has Substantial Interest [Section 64(1)(ii)]:

  1. No Clubbing if Remuneration is due to Technical or Professional Qualifications:

  2. Where both Husband and Wife have Substantial Interest and both are getting Remuneration from the concern:

  3. 'Substantial Interest' by an Individual - Meaning

  4. When both Husband and Wife have Substantial Interest :

Clubbing of Income in respect of Income from Assets Transferred to Spouse [Section 64(1)(iv)]:

Clubbing of Income in respect of Income from Assets Transferred to Son's Wife [Section 64(1)(vi)]:

An Individual Is Assessable In Respect Of Income From Assets Transferred To A Person For The Benefit Of Spouse [Section 64(1)(vii)]

An Individual Is Assessable In Respect of Income from Assets Transferred to a Person tor the Benefit of Son's Wife [Section 64(1)(viii)]

Clubbing of Income of a Minor Child [Section 64(1A)]

  1. Clubbing of Income of a Minor Child in the hands of Father or Mother -

  2. Certain incomes of Minor Child Taxable in the hands of Minor Child only:

  3. When Clubbing of Income of Minor Child is not Attracted -

  4. Exemption under Section 10(32) in case of Clubbing of Income of a Minor Child -

Income from Self-acquired Property Converted to Joint Family Property and subsequent Partition [Section-64(2)]

  1. Transactions are covered by Section 64(2) by an Individual , who is a member of HUF —

  2. Clubbing of Income in the case of subsequent Partition of HUF :

  3. Income is to be Clubbed but Income On Income is Not to be Clubbed:

  4. 'Income includes Loss' for the purpose of Section 64.

Related Topics ..... 'Clubbing of Income'

Income of an Individual to Include Income of Spouse (Husband/Wife of the Taxpayer) - Clubbing of Income [Section 64]
'Revocable Transfer of Assets' for Clubbing of Income (Section 61)
Clubbing of Remuneration of Spouse from a Concern in which the other Spouse has Substantial Interest [Section 64(1)(ii)]:
Clubbing of Income in respect of Income from Assets Transferred to Spouse [Section 64(1)(iv)]:
Clubbing of Income in respect of Income from Assets Transferred to Son's Wife [Section 64(1)(vi)]:
An Individual Is Assessable In Respect Of Income From Assets Transferred To A Person For The Benefit Of Spouse [Section 64(1)(vii)]
An Individual Is Assessable In Respect of Income from Assets Transferred to a Person tor the Benefit of Son's Wife [Section 64(1)(viii)]
Clubbing of Income of a Minor Child [Section 64(1A)]
Income from Self-acquired Property Converted to Joint Family Property and subsequent Partition [Section-64(2)]
 
 
Buy..Tax Management Book @ Rs.550 Buy..Tax Management Book @ Rs.550 Buy..Tax Management Book @ Rs.550
 

Tag ...

 
 
Get.. Tally.ERP9 Book + GST Practical Assignment @ Rs.550 Tally.ERP9 Book Online Order Tally.ERP9 Book Content


 
| About Us | Privacy Policy | Disclaimer | Sitemap |
© 2019 : IncomeTaxManagement.Com