Clubbing of income under the Income-tax Act, 2025 means __________.
Clubbing means including specified income belonging to another person in the total income of the assessee. It determines whose total income bears the income; it is distinct…
Choose your answer
Clubbing of income under the Income-tax Act, 2025 means __________.
Answer and explanation
Correct answer C
Clubbing means including specified income belonging to another person in the total income of the assessee. It determines whose total income bears the income; it is distinct from deductions, loss set-off and classification under income heads.
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Maharashtra and Goa SET (MH SET)