|
Section |
Person
whose income to be clubbed |
Nature
of income to be clubbed |
Person
in whose hands to be clubbed |
Deduction |
|
64(1)(ii) |
Spouse |
Salary,
commission, fees, remuneration from concern where |
Spouse
having substantial |
— |
|
|
|
individual
has substantial interest. If spouse possesses technical/ |
interest
in the concern |
|
|
|
|
professional qualification and income is solely attributable to the |
|
|
|
|
|
application of such knowledge, it is not to be clubbed. |
|
|
|
64(1)(iv) |
Spouse |
From
assets transferred to spouse for inadequate consideration |
Transferor |
— |
|
|
|
other than
(i) transfer under an agreement to live apart, or (ii) an |
|
|
|
|
|
income
from house property includible u/s. 27(i), Interest on capital |
|
|
|
|
|
contributed in the firm out of the transferred funds will however, |
|
|
|
|
|
be
clubbed. |
|
|
|
64(1)(vi) |
Son's wife |
From
assets transferred (after 1-6-1973) to son’s wife for inadequate |
Transferor |
— |
|
|
|
consideration. Interest on capital contributed in the firm out of the |
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|
|
|
|
transferred funds will however be clubbed. |
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|
|
64(1)(vii) |
Spouse |
Income for
immediate or deferred benefit of spouse from assets |
Transferor |
— |
|
|
|
transferred for inadequate consideration to an AOP or a person. |
|
|
|
64(1)(viii) |
Son's wife |
Income for
immediate or deferred benefit of son’s wife from assets |
Transferor |
— |
|
|
|
transferred for inadequate consideration (after 1-6-1973) to an AOP |
|
|
|
|
|
or a
person. |
|
|
|
64(1A) |
Minor
child |
Any income
accruing/arising to a minor, except income from: |
i) 1st
year: that parent |
Up to Rs.
1,500 |
|
|
(except a
minor child |
a) manual
work, or |
whose
income is higher. |
per minor |
|
|
suffering
from any |
b)
application of his skill, or talent, or specialised knowledge |
Subsequent
years; the |
[S.
10(32)] |
|
|
disability
mentioned |
and
experience |
same
parent — unless |
|
|
|
in S. 80U) |
|
the AO is
satisfied that |
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|
|
|
|
it should
be clubbed |
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|
|
|
|
with the
other parent. |
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|
ii) where
marriage does not |
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|
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|
subsist,
in the hands of |
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|
|
|
|
the
custodian parent. |
|
|
64(2) |
HUF |
Income
from property converted to HUF property or transferred to |
Transferor |
— |
|
|
|
HUF by an
individual (after 31-12-1969) for inadequate consideration. |
|
|
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|
If
converted property is partitioned, income from partitioned |
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|
|
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|
property
received by spouse, is clubbed in the hands of the individual. |
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|
