ilmscore | Prediction Details
"The biggest part is that Section 64 clubbing applies only in case of minor children and in case of spouse does not apply if your child is 18 years or above. So in case of major son and daughter, whatever income is generated from such assets which are transferred without adequate consideration, that income will be taxed in the hands of children."
By CA Rachana Phadke Ranade | October 3, 2025 | Correct
From video
Tax Saving Tips in 2025 | Clubbing of Income Explained | CA Rachana Ranade 00:09:28 - 00:09:47
Interpreted Prediction
Income generated from assets gifted to a child who is 18 years or older (a major) will be taxed in the child's hands, not subject to income-splitting rules applicable to minors or spouses.
AI Evaluation Notes
The prediction states that income from assets gifted to an adult child (18+) will be taxed in the child's hands. This aligns with general tax principles and laws regarding income splitting, where such rules primarily target minors and spouses.

Prediction Details

Topic
Tax Planning

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