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Clubbing of Income

Clubbing of Income

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Published by themeditator

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Published by: themeditator on Jan 27, 2010
Copyright:Attribution Non-commercial

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10/23/2013

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Clubbing  oincome
(Sec 60- 65 of the Income Tax Act)
 
 
Introduction
Generally only assessee’sincome is charged to tax. To lighten their tax burden,transfer huge portions of their taxable income.Sec 60 - 65 enactedProvisions apply to income aswell as loss
 
 
Income arising fromasset nottransferred or from revocabletransfer of asset

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/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->