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Clubbing of Income

Excellent commerce point > Clubbing of Income
Clubbing of Income
13
Oct

Clubbing of Income Question 1.Write short note on the following:(a) Clubbing of Minor Child (Dec 2022, 5 marks) Descriptive Question Question 2.Explain the tax incidence in the case of a transfer of a let-out property, which is not revocable during the lifetime of the transferee. (Dec 2015, 3 marks)Answer:Section 62 of Income Tax Act, 1961 […]

Posted in: CMA updates ,
Tags: Clubbing of Income , income clubbing provisions , income from different sources , Income Tax , Indian tax laws , tax calculation , tax exemptions , Taxable Income , taxation rules ,
Clubbing of Income​
16
Jun

Clubbing of Income Question 1.Mr. Ramesh gifted a sum of ₹ 5 lakhs to his brother’s Minor Son on 16.04.2020. On 18.04.2020, his brother gifted Debentures worth ₹ 6 Lakhs to Mrs. Ramesh. Son of Mr. Ramesh Brother invested the amount in FD with Bank of India @ 9% p.a. Interest and Mrs. Ramesh received […]

Posted in: ca intermediate notes ,
Tags: CA Exam Prep , CA Foundation Taxation , Clubbing of Income , Clubbing Provisions , CMA Exam Syllabus , CMA Foundation Income Tax , Income Clubbing Examples , Income Tax Act , Income Tax Law , Taxable Income ,