Clubing of income
This query is : Resolved
26 December 2012
Dear sir,
if mr. x transfer income to mr. y his friend without transfering assest against which mr.y transfer some goods of the same amount whether income will be clubbed in the hands of mr.x.
pls answer fast.....................
if mr. x transfer income to mr. y his friend without transfering assest against which mr.y transfer some goods of the same amount whether income will be clubbed in the hands of mr.x.
pls answer fast.....................
26 December 2012
No clubbing will apply as adequte consideration is present in. the case.
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