TMI BlogCLUBBING PROVISIONX X X X Extracts X X X X X X X X Extracts X X X X ..... I WANT TO TRANSFER MY INCOME TO WIFE/PARENTS AS A GIFT BUT ACCORDING TO CLUBBING PROVISION OF INCOME TAX ACT, IT WOULD BE TAXABLE IN MY HAND THAN MY QUESTION IS WHAT CAN I DO SO THAT INCOME NOT TAXABL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... E IN MY HAND OR CLUBBING PROVISION WOULD NOT ATTRACT. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whatever the income gifted to your wife or parents is first taxable on your hand. After the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ransfer of amount by way of gift your wife or parents will not be liable for tax. Clubbing of income does not arise in your case. - CLUBBING PROVISION - Query Started By: - Brijgopal kankani Dated: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - 10-12-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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