Income Tax Department

Ministry of Finance, Government of India

Skip to main content
Text Size
Saturation
Help
Advanced Search
Advanced Search

Section 61

Revocable transfer of assets

Section

Section Number

61

Chapter

CHAPTER V - INCOME OF OTHER PERSONS, INCLUDED IN ASSESSEE'S TOTAL INCOME

Act

Income-tax Act, 1961

Year

1962

Revocable transfer of assets

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.

 

 

[As amended by the Finance Act, 1962]

Footnotes