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Post by: Renu Suresh in Government Initiatives Income Tax
Clubbing of Income – Income Tax According to the stipulations of the Income Tax Act, a person has to pay taxes on all taxable income earned during a financial year. At the time of computing the Gross Total Income, if…
Post by: IndiaFilings in Government Initiatives Income Tax
Clubbing Income of Minor Clubbing of income means including the income of any other person in the taxpayer’s total income. Under Income Tax law, specified situations are provided, wherein, the income of one person is statutorily required to be included…