ilmscore | Prediction Details
"Section 64 clubbing is not applicable to income generated in case where you are transferring assets to your parents and even if it is your parents in loss basically. Ok? So, in that case, the income will be taxed in his dad's name if he does not have any other income."
By CA Rachana Phadke Ranade | October 3, 2025 | Correct
From video
Tax Saving Tips in 2025 | Clubbing of Income Explained | CA Rachana Ranade 00:11:48 - 00:12:02
Interpreted Prediction
Income generated from assets gifted to parents is not subject to clubbing provisions and will be taxed in the parents' names, provided they have no other income.
AI Evaluation Notes
Based on my understanding of Indian tax laws and Section 64, the prediction regarding the clubbing of income is accurate. Income from assets gifted to parents is taxed in their hands if they have no other income.

Prediction Details

Topic
Tax Planning

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