Examveda

Which of the following statements are true in the context of clubbing of income?
1. Provisions of Section 64 of the Income Tax Act, 1961, deals with clubbing of income.
2. Under Section 64(1)(ii), the remuneration of spouse from a concern in which the other spouse has substantial interest, is done.
3. Under Section 64(1)(iv), income from assets transferred to the spouse is done.
4. Under Section 64(1A), the clubbing of a minor child is done.

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. All of the above

Answer: Option D


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