Income Tax Law & Practice-II (Clubbing income)

Revocable transfer of assets has been defined under sec……

• A) Sec 51

• B) Sec 61

• C) Sec 71

• D) None of the above

In order to curb tax avoidance practices, some necessary clubbing provision have been incorporated u/s …..

• A) 60 to 64

• B) 50 to 54

• C) 70 to 74

• D) None of the above

Inclusion of others incomes in the income of the assessee is known as….

• A) Inclusion of income

• B) Other income

• C) Clubbing of income

• D) None of the above

Clubbing of income of minor child has been defined under section….

• A) Sec 64(1A)

• B) Sec 74(1A)

• C) Sec 64(1B)

• D) None of the above

Amounting to Rs. …. Is exemption in respect to each minor child under clubbing and aggregation of income

• A) 2500

• B) 1500

• C) 3500

• D) None of the above