Income-tax Act, 1961
Section - 63 - “Transfer†and “revocable transfer†defined
"Transfer" and "revocable transfer" defined.63. For the purposes of sections 60, 61 and 62 and of this section,-
| (a) | - | a transfer shall be deemed to be revocable if- |
| (i) | - | it contains any provision for the re-transfer directly or indirectly of the whole or any part of the income or assets to the transferor, or |
| (ii) | - | it, in any way, gives the transferor a right to re-assume power directly or indirectly over the whole or any part of the income or assets ; |
| (b) | - | "tra .... To read the full section download the app from Google Play store
22 September 2026
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