Income tax Clubbing of Income

Generally, clubbing of income provision deals with inclusion of

A transferred his rent income from his owned house to B, without transferring the house. Such rental income has to be included in the total income of

In case of revocable transfer of asset by one person to another person, income derived from such asset shall be included in the total income of

Which of the following in included under “Transfer” for the purpose of sections 60, 61 and 62 ?

A transfer of an asset is said to be revocable under which of the following cases ?

As per section 62, clubbing provisions are applicable to which of the following transfers ?

Ram owns a house property in Delhi. He transfers it to his wife Sita on the condition that such transfer is irrevocable during the life time of Sita. Ram transfers the property on an agreement that he will be paid 30% of the rent received by Sita on such property. The total income from such house property will included in the income of

Clubbing provisions will not be applicable where

Where both husband and wife have substantial interest in a concern and both are getting remuneration, then such remuneration will be included in the income of

Mrs. A holds 35% of equity shares of XYZ Ltd. Mr.A is also working in XYZ Ltd. as Finance Head. He does not possess any qualification to hold the position in XYZ Ltd. The salary received by Mr. A will be included in the total income of

Abhinav holds 80% of equity shares of A&A Ltd. Arti, his wife, who is a qualified Chartered Accountant is also working in A&A Ltd. as Finance Head and draws fair remuneration based on her qualification. The salary received by Arti will be included in the total income of

Mr. Y holds 18% of equity shares of Swisso Ltd. Mrs, Y is also working in Swisso Ltd as Finance Head. She does not possess any qualification to hold the position in Swisso Ltd. The salary received by Mrs. Y will be included in the total income of _____ assuming neither Mrs. Y nor any of her relatives are entitled to receive 20% or more profit in Swisso Ltd.

Ganesh holds 25% equity shares in Agni Pvt Ltd. and his wife Geeta holds 21% equity shares in it. Both are in receipt of salary from Agni Pvt. Ltd. and are not professionally qualified for the job. The salary received by Ganesh will be included in the income of

Where an income in form of remuneration is once included in the hands of either spouse where both have substantial interest in a concern, any income arising in succeeding year shall

An individual can be said to have substantial interest in the concern for the purpose of clubbing provisions, if

As per the clubbing provisions, who among the following are not included in the definition of “relative’ of an individual ?

As per the clubbing provisions, who among the following are included in the definition of relative of an individual ?

There will be no clubbing of income, arising from transfer of assets to a spouse, if

Avinash and his wife Anu, both are working in Voogle Pvt. Ltd. with a salary of Rs,9,60,000 p.a. and Rs.7,50,000 p.a. respectively and total income of Rs.10,00,000 and Rs.9,50,000 before including such salary. They do not possess any professional qualification. Also, Avinash holds 25% equity shares of the company and Anu holds 30@ equity shares of the company. The salary received by Anu will be included in the total income of

Avinash and his wife Anu, both are working in Voogle. Pvt Ltd. with a salary of Rs.9,60,000 p.a. and Rs.7,50,000 p.a. respectively. They do not possess any professional qualification. Also, Avinash holds 25% shares of the company and Anu holds 30% shares of the company. Compute  the total income of Avinash, assuming he does not has any other income during the year, and his total income before including salary is higher than Anu ?

As per section 64(1)(iv), which of the following income is/are not included in the total income of the transferor ?

Shyam transfers house property to his wife Hima for inadequate consideration. Hima leases out the house property to ABC & Co. at a lease rent of Rs.2,50,000 p.a. Compute the income from house property which is to be clubbed in the total income of Shyam ?

The income earned by transfer of an asset by Sunil to Alka,wife of his son Amar, without adequate consideration is

Income earned by Saarthak, who turns 18 years on 1.04.2018, from a work involving application of his painting skills is

Aadi, a 12 years old boy, earns Rs.20,000 as interest from a fixed deposit which has been invested in his name by his father. The amount received by Aadi will be

As per section 64(IA), how much exemption is allowed to the parents in case of clubbing of minor’s income in their hands ?

Interest on deposit, received by minor married daughter is

Akash, a 10 year old boy who is singer by profession invests Rs.5,00,000 (which he earns through his singing concerts) in a fixed deposit and he earns interest on such deposit. The interest income received by akash will be

Mr.B converts his immovable property into property of HUF, in which he is a member. The income from such property after the transfer will be

The notice of demand in respect of tax paid on clubbed income can be served on