ISSN 2581-5369
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Provisions Relating to Clubbing of Income under Income Tax Act, 1961
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Naeesha Halai
International Accredited Civil-Commercial Mediator from ADR-ODR Int'l, London.
Abstract
Albert Einstein has rightly said, “The hardest thing in the world to understand is the income tax.” Many a times a tax payer feels the need to club income of someone else with his income. This happens when he is planning to transfer any of his assets/ income to another person as a means of tax planning to avoid the income getting taxed in his hands. The outcome of such transfers is clubbing provisions under the Income Tax Act, 1961.
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Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 4, Issue 5, Page 701 - 708
DOI: https://doij.org/10.10000/IJLMH.111975Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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