Income Tax Department

Ministry of Finance, Government of India

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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

2021

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.

Footnotes