Revocable transfer

Save Share

This query is : Resolved

Guest

Guest (Querist)

17 January 2013 What is revocable transfer under section 61 of income tax.what are document is required to justify such transfer.give me example that explain this concept.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

17 January 2013 The transfer that can be cancelled at the option of trnasferor is revocable transfer under section 61 of income tax. You can think of any dubious tax practice as revocable. Say paying for the expenditure and then calling back the amount and so on.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now