Provisions Relating to Clubbing of Income under Income Tax Act, 1961

  • Naeesha Halai
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  • Naeesha Halai

    International Accredited Civil-Commercial Mediator from ADR-ODR Int'l, London.

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Abstract

Albert Einstein has rightly said, “The hardest thing in the world to understand is the income tax.” Many a times a tax payer feels the need to club income of someone else with his income. This happens when he is planning to transfer any of his assets/ income to another person as a means of tax planning to avoid the income getting taxed in his hands. The outcome of such transfers is clubbing provisions under the Income Tax Act, 1961.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 4, Issue 5, Page 701 - 708

DOI: https://doij.org/10.10000/IJLMH.111975

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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