Bare ActsIncome tax Act, 1961

Section 61

Revocable transfer of assets.--

Amendment status not verified — confirm the current text below against the official source.

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.

Section 61 – Income tax Act, 1961 | DailyLaw.ai