Bare ActsIncome-tax Act, 2025

Section 96

Transfer of income without 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 transfer,-- (a) whether revocable or not, and whether effected before or after the commencement of this Act; and (b) where there is no transfer of assets from which such income arises, shall be chargeable to income-tax as the income of the transferor and shall be included in his total income.

Section 96 – Income-tax Act, 2025 | DailyLaw.ai