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of <h1>Statutory Provision Targets Income Transfers to Non-Residents to Prevent Tax Evasion; Genuine Transactions Exempted with Proof.</h1> The statutory provision addresses the inclusion of income transferred to non-residents in the total income of a person to prevent tax evasion. It applies when income accrues from asset transfers to non-residents, and the person involved can enjoy or benefit from this income. The provision considers various scenarios where a person might control or benefit from such income, including through rights, benefits, or control over income application. However, it exempts genuine commercial transactions not intended to evade taxes, provided the person can prove their bona fide nature to the tax authorities.
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