X and Mrs. X both have substantial interest in ABC Ltd. Their salary was clubbed in the hands of Mr. X in the year P.Y. 2019-20. In the P.Y. 2020-21, Mrs. X has higher income before clubbing u/s 64(1 )(iv), the salary will be clubbed in the hands of
A. Mr. X
B. Mrs. X
C. At the option of the couple
D. None of the above
Answer:A
X and Mrs. X both have substantial interest in ABC Ltd. Their salary was clubbed in the hands of Mr. X in the year P.Y. 2019-20. In the P.Y. 2020-21, Mrs. X has higher income before clubbing u/s 64(1 )(iv), the salary will be clubbed in the hands of
A. Mr. X B. Mrs. X C. At the option of the couple D. None of the above