Question from cross transfer chapter clubbing of income. Rakesh gave 5,00,000 to minor son of rajesh, so income to be clubbed in hands of deemed transferor will be calculated on 5,00,000 or 3,00,000??

Question

Hairiya · Answer

Clubbed with the total income of Rajesh(minor's father) amount will be 500,000 - 1500(10(32)) = 498500

Zainab · Answer

I think clubbing to rajesh or rakesh mai hi hogi subject to amt other than amt which is allowed as gift as exemption provide under clubbing chapter gift provision

Question from cross transfer chapter clubbing of income. Rakesh gave 5,00,000 to minor son of rajesh, so income to be clubbed in hands of deemed transferor will be calculated on 5,00,000 or 3,00,000??

2 answers

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