Рет қаралды 1,111
As per cluase (vi) of section 64 of the Income-tax Act, the income arises to the son's wife ( daughter in law) from assets transferred directly or indirectly by an Individual, otherwise than for adequate consideration is included (clubbed) in the total income of such individual .
In this video, the following aspects have been discussed:
(i) When the income of daughter in law will be clubbed in the income of father in law or mother in law, as the case may be ?
(ii) How the proportion of income is determined for clubbing, when the investment made in the business or as a partnership capital include the investment out of the asset or money given by father in law or mother in law