Query on provision of clubbings

krina (student) (1263 Points)

16 March 2012  

 

can somebody plz clarify this

 

if an individual transfers assest to his spouse ( for not adequate considration) & the income ariseing on asset  is directly or indirectly benefited to the individual

but  what if:

1.there was an agreement to live apart

2.there was no agreement to live apart .

when transfer took place

wil income be clubbed in the hands of individual in both cases (1. & 2.) as he is geeting the benefit ?

thanks in advance ...!!