Transfer to a major child will be clubbed

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2012 if a father trasfer some income to his major child that income will be clubbed or not

please tell me as soon as

21 April 2012 Hi,

Under section 60 of income tax act, Transfer of Income without transferring the Asset will be clubbed back in the income of the Tranferor Assessee and in the given case it will be clubbed back in the income of father.

21 April 2012 Hi,

Under section 60 of income tax act, Transfer of Income without transferring the Asset will be clubbed back in the income of the Tranferor Assessee and in the given case it will be clubbed back in the income of father.


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012 sorry sir u did not solve my query in my query there are a major child who is a major tax saver.



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