![Clubbing of income of a minor child [Section 64(1A)]](https://www.caclubindia.com/money/wp-content/uploads/2024/11/Section-64.jpg)
In computing the total income of an individual, there shall be included all such income as arises or accrues to his minor child. Therefore, the income of a […]
Tax on distribution of assets by companies in liquidation
Section 46(1) – No capital gain to company on distribution of assets to shareholders on liquidation: Wwhere the assets of a company are distributed to its shareholders on […]