Schedule SPI – Income of Specified Persons (Spouse, Minor Child, etc.) includible in the Income of the Assessee as per section 64 AY 2026-27
‘Schedule SPI’ (Specified Persons Income) in the Income Tax Return form is used to report income of any other person included in the assessee’s total income under the provisions of the Income-tax Act, such as under clubbing provisions.
The assessee is required to provide the following details:
- Name of the person whose income is includible
- PAN/Aadhaar No. (optional)
- Relationship with the assessee (e.g., spouse, minor child)
- Amount of income to be included
Section 64 of Income-tax Act, 1961
Income-tax Act contains provisions for clubbing of income of other person with the income of taxpayer. These situations arise when a minor child earns some income or when taxpayer transfers his asset to his spouse, etc.
The clubbing provisions have been introduced to stop taxpayers from diverting a part of their income to the relatives in order to reduce tax burden. In order to prevent such tax avoidance, below clubbing provisions have been incorporated in the Act:
- Clubbing of Income of Spouse
- Clubbing of Income of Son’s Wife
- Clubbing of Minor’s Income
- Clubbing of Income from property gifted to HUF