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.
Income Tax Act, 1961 Section 61 - Bare Act |
| State | Central Government |
| Year | 1961 |
| Section Title | Revocable Transfer of Assets |
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.