{"product_id":"understanding-the-provisions-of-clubbing-of-income-e-book","title":"Understanding the Provisions of Clubbing of Income (E-Book)","description":"\u003cp role=\"presentation\" dir=\"ltr\"\u003e\u003cspan\u003eUnderstanding the Provisions of Clubbing of Income\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThis 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.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eClubbing 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.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThe content covers:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Concept and rationale behind the clubbing provisions\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Statutory framework under Sections 60 to 64 of the Income-tax Act\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Transfer of income without transfer of assets\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Revocable transfers and their tax implications\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Clubbing of income of spouse, minor child, and son’s wife\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Treatment of income from assets transferred to a person for inadequate consideration\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Clubbing provisions applicable to partnership and HUF scenarios\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Special provisions for clubbing in the case of minors’ income and exemptions under section 10(32)\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Judicial precedents clarifying the scope and interpretation of clubbing provisions\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Compliance requirements and practical precautions to avoid adverse consequences\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Tax planning tips within the legal framework to mitigate clubbing effects\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eThis edition is especially useful for:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Chartered accountants, tax consultants, and corporate finance teams\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Law students and academicians specializing in taxation\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Income-tax officials and legal practitioners handling tax litigation\u003c\/span\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003e• Individuals and HUFs seeking clarity on ownership and income attribution rules\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp dir=\"ltr\"\u003e\u003cspan\u003eWith 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.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e","brand":"Commercial Law Publishers","offers":[{"title":"Default Title","offer_id":45457091395723,"sku":null,"price":445.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0697\/4812\/9931\/files\/clubbing.png?v=1758625155","url":"https:\/\/commerciallawpublishers.com\/products\/understanding-the-provisions-of-clubbing-of-income-e-book","provider":"Commercial Law Publishers","version":"1.0","type":"link"}