Accountancy, asked by kawaljeet89, 3 months ago

what is the meaning of clubbing of income ?

Answers

Answered by Kenaz

Answer:

please mark brainlest and follow

Explanation:

Clubbing of income means including the income of any other person in Assessee's total income. ... For Example, if a husband diverts some part of his income to his wife to reduce his tax burden. Then, such transferred income of a wife is added and taxed as income of husband only and not his wife

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