Income-tax Act, 2025 · CHAPTER V — INCOME OF OTHER PERSONS INCLUDED IN TOTAL INCOME OF ASSESSEE

Section 96Transfer of income without transfer of assets

Income-tax Act, 2025 (30 of 2025)

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.

whether revocable or not, and whether effected before or after the commencement of this Act; and

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.

Referenced by

§ 334(2)

§ 393(4)

§ 98 “Transfer” and “revocable transfer” defined

Rule 213 Application for grant of certificates for deduction or collection of income-tax at any lower rates, or no deduction of income-tax