Easy Chart for Clubbing of Income Under Section 64

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clubbing of incomeAre you thinking of buying property in wife’s name or advising you father or mother to transfer any  property  which is put on rent , in your wife’s name or running a business in which artificially creating post and salary or remuneration to your spouse . If these are in your mind , please have a look of the chart below which clarifies the provision of clubbing of income in hand of individuals. The law to prevent the artificial transfer of income in hand of spouse or daughter –in law or minor are given in section 64 of the Income Tax Act.

Chart for Clubbing Provision u/s 64 of I.T.Act

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