Clubbing Of Income Under Income Tax Act 1961 there are certain provisions as per which an income though legally belonging to one person is to be included in the total income of other person.

Incomes of other persons to be included in assesses total income Transfer of Income where there is no transfer of assets Revocable transfer of assets Any Salary, commission fee or any other remuneration received by spouse from a concern in which other spouse has substantial interest Income from asset Transferred to spouse without adequate consideration

5. Income from assets transferred to son’s wife without adequate consideration 6. Income from asset transferred to a person for the benefit of son’s wife 7. Assets transferred for benefit of spouse 8. Investment of assets transferred without adequate consideration in business 9. Income of Minor 10. Transfer of Individual’s self acquired property to the HUF of which he is a member

DEEMED INCOMES Cash Credits Unexplained Investments Unexplained Money Account of Investment etc,not fully disclosed in books of accounts Unexplained Expenditure Payment of Hundi Money in Cash