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Clubbing provisions

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(Querist)
08 October 2013 If I transfer Car to my brother,then whether clubbing provision shall be applicable or Gift provision ?
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
08 October 2013 Clubbing Provision will not be applicable
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
08 October 2013 Yes, the clubbing will not be done in this case,

However, if your brother makes any income from such car and having no Income tax file, then such income will be clubbed in your income if he's dependent on you...

regards,
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 October 2013 Clubbing provisions not applicable in this case.

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