Understanding the Provisions of Clubbing of Income | Ram Dutt Sharma | Commercial Law Publishers | Paperback Edition 2024

This book by RAM DUTT SHARMA provides a detailed explanation of the provisions related to the clubbing of income under the Income Tax Act. It is a useful resource for tax professionals, accountants, and individuals looking to understand the intricacies of income clubbing and its implications.

Key Features and Benefits:

• Clear Explanation of Clubbing Provisions: The book explains in detail how income of a spouse, minor children, or other relatives may be clubbed with the income of the taxpayer, and the scenarios under which this applies.
• Legal and Tax Insights: It offers insights into the legal aspects of clubbing income, helping readers understand the tax liabilities that arise from such provisions.
• Practical Examples: The book includes practical examples to illustrate how the provisions work in real-life scenarios.
• Up-to-Date Information: The content is updated to reflect the latest amendments and provisions under the Income Tax Act.
• Ideal for Tax Professionals: It is a must-have for tax professionals, financial planners, and individuals seeking to understand how the clubbing of income affects tax liabilities.

This book is an invaluable resource for anyone involved in taxation, offering a clear and concise guide to understanding and applying the provisions of clubbing of income under Indian tax laws.