2025Section 96

96. Transfer of income without transfer of assets.

In the 1961 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

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.

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·