Case Study_Clubbing of Income_Effect

Mr. Subhadip has a taxable income of Rs. 2 lakhs for the assessment year 2022, while Mr. Vikas has no taxable income as the income was transferred without transferring the ownership of the asset. Another case study involves Mr. Roy, who gave debentures to Mr. Deep before going abroad. The company paid Rs. 10,000 as interest to Mr. Deep, who used it for household expenses. Mr. Roy's taxable income is Rs. 10,000 for the assessment year 2022-23, while Mr. Deep has no taxable income as the income was transferred without transferring the ownership of the asset. Both cases fall under Section 60 of the Income Tax Act 1961 and involve claiming of income. अगर सुबोदिप करता करता करता करता करता करता करता करता करता करता करता करता करता करता करता क सुबोदिप करता करता करता करता करता करता करता करता करता करता करता करता करता करता करता करत करता करता करता करता करता करता करता करता करता करता करता करता करता करता करता करता करत� जखम थेके तर बन्दु बी काश की पेलो 20% इंटरस्ट पेलो संशन इंडिया लिमिटर्ट थेके तल अमर की बलबो बलो The taxable income in the hands of Mr. Subhadip is Rs. 2 lakhs for the assessment year 2022 And in the hands of Mr. Vikas is nil as the income were transferred without transferring the ownership of asset इटके अमर आरेक टू extend करे आमर के study के आरेक टू extend करते बारे आमर चलो another case study, let us take another case study Mr. Roy had 1010% debentures at the rate of Rs. 100 each in Sunshine Limited Before going abroad for pursuing higher education, Mr. Roy gave such debentures to his friend Mr. Deep and advised to collect the interest In April 2021, the company gave Rs. 10000 as an interest to Mr. Deep Subsequently, Deep spent such amount for his household expenses In July 2022, Mr. Roy came back from abroad and took back the debentures Discussed the tax consequences of such income of Rs. 10000 for the assessment year 2022-23 The taxable income in the hands of Mr. Roy is Rs. 10000 for the assessment year 2022-23 and in the hand of Mr. Deep is nil as the income was transferred without transferring the ownership asset The both cases fall under Section 60 under Income Tax Act 1961 and both are related to claiming of income Thank you