Income-tax Act, 2025
Transfer of income without transfer of assets - Section 96
CHAPTER VINCOME OF OTHER PERSONS INCLUDED IN TOTAL INCOME OF ASSESSEE
Transfer of income without transfer of assets.
96. 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. .... To read the full section download the app from Google Play store
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