Several important exceptions exist to income clubbing provisions:
- Income earned by spouse through professional qualification or technical skills
- Income from assets received as part of inheritance
- Income from assets received under government schemes
- Income earned by minor children through their own skills or activities
- Assets transferred under a court order
For example, if your spouse is a chartered accountant earning through their practice, this income won’t be clubbed with yours. Similarly, if your minor child earns income from acting in advertisements, it remains their separate income.