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Application of income

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2013 If i declare that whenever i recd. from new bussiness it will be the income of my wife. Is it will be a case of application of income. If yes what is the procedure of declaration of it? Please suggest..
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
12 July 2013 Clubbing provisions will apply. it will be taxable in your hands

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