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What is Income Tax Clubbing Provisions Explained about?

1) Mr. Vaibhav received a gift of Rs. 5 lakhs from his wife which he invested in his business. He earned a profit of Rs. 2.5 lakhs from the investment which is taxable as income of his wife under clubbing provisions. 2) Mr. Vasudevan gifted Rs. 6 lakhs to his brother

Author

hero36407

Language

EN