transfer of asset to son's wife will attract clubbing provision.Though it will be taxable in hands of Transferor i.e.(husband parents).
Does same as applicable if son's wife will be as a professional or seeking technical qualification or assessee under Income tax?
Can you please clarify this?
Yes even if Sons wife is professional or assessee under income tax, non consideration transfer will be clubbed in hands of transferor
CAclubindia
