#IncometaxAct1961, #Section64, #Income, #spouse, #minor, #rules, #acts, #sections, #law Introduction In India we have a progressive system of taxation, which means as your income increases, you have to pay more taxes as per the applicable income tax slab. To avoid paying high taxes, many people transfer their assets or arrange sources of income in the name of their wives, children, parents, and relatives to bring down their income. To curb such tax avoidance practices, the in