Understanding the Provisions of Clubbing of Income is a Practice book on Income Tax on Conferenza, priced at ₹556 (20% off MRP ₹695). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹556 · 20% off
- Course
- Practice
- Subject
- Income Tax
Understanding the Provisions of Clubbing of Income
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Subject
- Income Tax
- Publisher
- Commercial Law Publishers
About this book
The 2024 edition of Understanding the Provisions of Clubbing of Income by Ram Dutt Sharma, updated as per The Finance Act, 2024. Clubbing provisions add to a taxpayer's income certain amounts that legally belong to someone else, and the book explains each of those rules with illustrations and case law.
At a glance
| Edition | 2024 edition |
| Author | Ram Dutt Sharma |
| Updated as per | The Finance Act, 2024 |
| Sections covered | Sections 60 to 64 of the Income-tax Act, 1961 |
| Publisher | Commercial Law Publishers |
What's inside
- Concept and rationale behind the clubbing provisions, with the statutory framework under Sections 60 to 64
- Transfer of income without transfer of assets, and revocable transfers
- Clubbing of the income of a spouse, minor child and son's wife
- Income from assets transferred for inadequate consideration, and clubbing in partnership and HUF situations
- Minors' income and the exemption under Section 10(32)
- Judicial precedents on scope and interpretation, compliance precautions, and lawful planning to limit clubbing effects
Who should buy this
- Chartered accountants and tax practitioners handling family income structures
- Legal professionals advising on transfers between family members
- Students of direct taxation
Publisher's description
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.
Frequently asked questions
What is Understanding the Provisions of Clubbing of Income?+
The 2024 edition of Understanding the Provisions of Clubbing of Income by Ram Dutt Sharma, updated as per The Finance Act, 2024. Clubbing provisions add to a taxpayer's income certain amounts that legally belong to someone else, and the book explains each of those rules with illu
How much does Understanding the Provisions of Clubbing of Income cost?+
Understanding the Provisions of Clubbing of Income is available for ₹556 (MRP ₹695) on Conferenza, with fast delivery.
Which exam is Understanding the Provisions of Clubbing of Income for?+
Practice — Income Tax.
Is Understanding the Provisions of Clubbing of Income good for self-study of Income Tax?+
Understanding the Provisions of Clubbing of Income is a Income Tax book for Practice, suitable for self-study and revision. Pair it with practice and past papers for complete exam preparation.
Which is the best book for Income Tax?+
There's no single "best" book for Income Tax — the right choice depends on the syllabus coverage you need, the author's approach, the edition and your budget. Understanding the Provisions of Clubbing of Income is one Practice option; compare it with other Income Tax books on Conferenza by edition, coverage and price to pick what suits your preparation.
Is Understanding the Provisions of Clubbing of Income available as a free PDF download?+
Understanding the Provisions of Clubbing of Income is a paid book on Conferenza, delivered fast across India. For free PDFs — study material, RTPs, MTPs and suggested answers — visit https://conferenza.in/downloads.