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of <h1>Clause 174 of Income Tax Bill 2025 targets tax avoidance via income transfers to non-residents, with specific exemptions.</h1> Clause 174 of the Income Tax Bill, 2025 addresses tax avoidance through income transfers to non-residents. It applies when assets are transferred, resulting in income payable to non-residents. The income is deemed to belong to the person who facilitated the transfer if they have the power to enjoy the income. If the person receives any capital sum related to the transfer, the income is also deemed theirs for tax purposes. The provisions do not apply if the transfer was not intended to avoid tax or was a bona fide commercial transaction. Definitions for terms like assets, associated operations, and capital sums are included.
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