#transferred assets

Read more about the article Understanding the Clubbing Provisions of Income Under Section 64(1) of the Income Tax Act: A Comprehensive Guide

Understanding the Clubbing Provisions of Income Under Section 64(1) of the Income Tax Act: A Comprehensive Guide

The Indian Income Tax Act contains various provisions to prevent tax avoidance, and Section 64(1) plays a crucial role in this context. This section addresses the concept of clubbing of…

Continue ReadingUnderstanding the Clubbing Provisions of Income Under Section 64(1) of the Income Tax Act: A Comprehensive Guide
Read more about the article Understanding Section 64 of the Income Tax Act: Clubbing of Income with Spouse, Minor Child, and Others

Understanding Section 64 of the Income Tax Act: Clubbing of Income with Spouse, Minor Child, and Others

Tax planning is an essential part of financial management, but sometimes individuals attempt to lower their tax burden by transferring income or assets to family members. To prevent tax evasion…

Continue ReadingUnderstanding Section 64 of the Income Tax Act: Clubbing of Income with Spouse, Minor Child, and Others