Clubbing provision

This query is : Resolved 

15 December 2013 If a husband transfers shares of a pvt Ltd or. a Ltd company to his wife than in whose hands income from such shares be taxed?

16 December 2013 if the transfer is genuine and for a valuable consideration (proper documentation done Board Meeting approval, share transfer form with stamp fees paid and proper endorsement on share certificate) then clubbing provisions may not apply



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