If it is done for inadequate consideration, then clubbing is applicable and Income is taxable in the hands of transferor
Different types of Clubbing
Revocable and Irrevocable Transfer
Salary/Remuneration received from Spouse’s concern
Asset transferred to spouse
Income from Assets transferred to any other person for the benefit of spouse You are here
Asset Transferred to Son’s wife.
Income from Asset transferred to any other person for the benefit of Son’s Wife
Income of Minor Child
Income from self occupied property converted into Joint Property :
Cross Transfer to Avoid Clubbing
Different types of Clubbing
Last updated at April 16, 2024 by Teachoo
If it is done for inadequate consideration, then clubbing is applicable and Income is taxable in the hands of transferor