Blog
|
Help
|
Contact Us
Login
(981) 880-6600
Login
(981) 880-6600
Toggle navigation
About Us
Pricing
Neo Tax
Neo Tax
Neo TDS
Neo GST
Online Demo
Download
Quick e-Filing
File Your Return
Submit Your Income
Advance Tax Calculator
Knowledge Portal
Acts
Rules
Forms
Circular
Notifications
Case Laws
Articles
61 Revocable transfer of assets
Home
Acts
Income Tax Act
Chapter V INCOME OF OTHER PERSONS, INCLUDED IN ASSESSEE'S TOTAL INCOME
61 Revocable transfer of assets
Revocable transfer of assets.
61.
All income arising to any person by virtue of a revocable transfer of assets shall be chargeable to income-tax as the income of the transferor and shall be included in his total income.