Income of minor child (Section 64(1)) refers to the income of a minor child that
Income from assets transferred to person for the benefits of spouse (section 64(1))
Section 64(1) of the Income Tax Act, 1961 deals with the clubbing of income from
Income eligible for clubbing
Income of spouse from a concern in which the taxpayer has a substantial interest (Section
Substantial interest
Substantial interest is a term that is used in income tax law to refer to
When both husband and wife have a substantial interest in a concern
When both husband and wife have a substantial interest in a concern means that both
When clubbing is not attracted
Clubbing of income is a provision in the Income Tax Act, 1961 that allows the
Remuneration of spouse (sec64 (1))
Remuneration of spouse (Section 64(1)) is a provision of the Income Tax Act, 1961 that
Transfer of income without transfer of assets (sec60)
Transfer of income without transfer of assets (Section 60) Section 60 of the Income Tax
Deemed profit chargeable to tax
Deemed profit chargeable to tax is a type of income that is taxed even though
Deduction in the case of dividend income or income from mutual funds
Deduction in the case of dividend income or income from mutual funds refers to the