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CLUBBING

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(Querist)
26 July 2008 WHAT R CLUBBING EFFECTS IN CASE OF GIFTS BETWEEN
1. HUSBAND & WIFE
2. FATHER & DAUGHTER
3. GRANDMOTHER & GRANDSON/GRANDDAUGHTER
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
28 July 2008 In the case of transfer of an asset from husband to wife without adequate consideration, any income from such asset will be deemed as the income of the individual. In other cases it will not be so.

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