Understanding the Provisions of Clubbing of Income

Understanding the Provisions of Clubbing of Income

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Author : Ram Dutt Sharma
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Understanding the Provisions of Clubbing of Income

This 2024 edition of Understanding the Provisions of Clubbing of Income under the Income Tax Law by Ram Dutt Sharma offers a comprehensive and practical analysis of the statutory rules governing the clubbing of income under the Income-tax Act, 1961. Updated in accordance with The Finance Act, 2024, the book serves as a detailed reference for tax practitioners, chartered accountants, students, and legal professionals.


Clubbing of income provisions are intended to prevent tax evasion by including in a taxpayer’s income certain incomes legally belonging to another person. This book provides a clear explanation of the relevant sections, supported by illustrations, case law, and departmental interpretations.


The content covers:

• Concept and rationale behind the clubbing provisions

• Statutory framework under Sections 60 to 64 of the Income-tax Act

• Transfer of income without transfer of assets

• Revocable transfers and their tax implications

• Clubbing of income of spouse, minor child, and son’s wife

• Treatment of income from assets transferred to a person for inadequate consideration

• Clubbing provisions applicable to partnership and HUF scenarios

• Special provisions for clubbing in the case of minors’ income and exemptions under section 10(32)

• Judicial precedents clarifying the scope and interpretation of clubbing provisions

• Compliance requirements and practical precautions to avoid adverse consequences

• Tax planning tips within the legal framework to mitigate clubbing effects


This edition is especially useful for:

• Chartered accountants, tax consultants, and corporate finance teams

• Law students and academicians specializing in taxation

• Income-tax officials and legal practitioners handling tax litigation

• Individuals and HUFs seeking clarity on ownership and income attribution rules


With its blend of statutory guidance, practical illustrations, and updated case law, Understanding the Provisions of Clubbing of Income equips readers to interpret and apply these provisions accurately, ensuring both compliance and effective tax planning.

 

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

About the author

Ram Dutt Sharma

Ram Dutt Sharma

Ram dutt sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduate from M.D. University, Rohtak in 1980. He Join the Income Tax Department in the year 1983 and retired as Income Tax Officer on 30-06-2018, He Worked at Various Stations of North-West Region of Income Tax Department. He has wide Experience of all wings of Income Tax Department such as Assessment Units Special Range, TDS Wing, Investigation Wings etc. He has been Contributing articles and addressing on Topics Relating to Income Tax at NADT Regional Campus, Chandigarh & Bhopal. He has also addressed number of seminars Organized by the Income Tax Department, Chartered Accountants Advocate and various Trade Associations.

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