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1.What is the meaning of tranfer income?

Answers were Sorted based on User's Feedback



1.What is the meaning of tranfer income?..

Answer / husna

Transfer income is an income transferred by an assessee to
other person, inorder to avoid tax.(Ex: Bond washing
transactions)

Is This Answer Correct ?    19 Yes 8 No

1.What is the meaning of tranfer income?..

Answer / mark

In case of clubbing of income transfer of income means if
transferor transfers property to another person without
transfering the ownership rights then income on such
property is chargeble under the transferor

Is This Answer Correct ?    3 Yes 9 No

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