Income from asset transferred to even your daughter-in-law will be clubbed to your income and will be taxable in your hand in this case, says income tax dept

Income tax clubbing: The tax department has released a new brochure saying Section 64(1)(vi), 64(1)(viii) says Income from Assets transferred to Son’s wife;Income from assets transferred to the son’s wife, either directly or indirectly, is taxable in the hands of the transferor if adequate consideration was not taken. Read below to know what else the tax department said.