Clubbing provisions will be equally applicable for losses
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Clubbing provisions will be equally applicable for losses because:
•For example,if a person has incurred some loss,in such a situation ,such a loss is not allowed to be transferred to anyone and it will be clubbed in his/her own income.
•This doesn't help the person in tax avoidance but is applicable to losses.
•Each and every person must pay taxes according to their income.
•When a person transfers his asset in the name of his/her family member,directly ,clubbing provisions shall apply.
•In such situation ,income arising from such asset is clubbed with the income of the transferor who makes a transfer of property.
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