Section 64 Of Income Tax Act

Income tax act 36 of 1958.
Section 64 of income tax act. 1 2 3 1 in computing the total income of any individual there shall be included all such income as arises directly or indirectly. Income tax act 78 of 1959. Section 64 2 of the income tax act 1961 reads as follows.
However certain restrictions pertaining to specified person s and specified scenarios are mandated to discourage this practice. Income tax act 80 of 1961. The income tax act 58 of 1962 aims.
Income of individual to include income of spouse minor child etc. Ii to the spouse of such individual by way of salary commission fees or any other form of remuneration whether in cash or in kind from a concern in which such individual has a substantial interest. As the term suggests clubbing of income means adding or including the income of another person mostly family members to one s own income.
Where in the case of an individual being a member of a hindu undivided family any property having been the separate property of the individual has at any time after the 31st day of december 1969 been converted by the individual into property belonging to the family through the act of impressing such separate property with the character of property belonging to the family or throwing it into the common stock of the family or. This is allowed under section 64 of the it act. Income tax act 34 of 1953.
There are changes that may be brought into force at a future date. Section 64 in the income tax act 1995. To consolidate the law relating to the taxation of incomes and donations.
Income of a spouse child may be clubbed with income of major earner of the family. 1 in computing the total income of any individual there shall be included all such income as arises directly or indirectly i omitted by the finance act 1992 w e f. Income tax act 43 of 1955.