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CLUBBING IN CASE OF TRANSFER OF INCOME/ TRANSFER OF ASSETS SECTION 60 TO 631. Transfer of income without transfer of asset would be taxable in the hands of:A. Transferor only. Transferee only. Either
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wwwcourseherocomclubbing-of-incomepdfclubbing of incomepdf is a form used to report income that has been clubbed with the income of another individual for tax purposes.
Individuals who have income that has been clubbed with the income of another individual are required to file wwwcourseherocomclubbing-of-incomepdfclubbing of incomepdf.
To fill out wwwcourseherocomclubbing-of-incomepdfclubbing of incomepdf, individuals must provide information about the clubbed income and the individual with whom the income is clubbed.
The purpose of wwwcourseherocomclubbing-of-incomepdfclubbing of incomepdf is to ensure that income that has been clubbed with another individual is properly reported for tax purposes.
Information such as the amount of clubbed income, details of the individual with whom the income is clubbed, and any relevant tax deductions must be reported on wwwcourseherocomclubbing-of-incomepdfclubbing of incomepdf.
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