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of <h1>Amendment to Section 222 clarifies assessee's property includes certain transfers to family members for tax arrears recovery.</h1> Section 222 of the Income-tax Act, 1961, is amended to include an explanation that defines an assessee's movable or immovable property. This includes property transferred by the assessee, directly or indirectly, on or after June 1, 1973, to a spouse, minor child, son's wife, or son's minor child without adequate consideration. Such property, even if transferred to a minor child or son's minor child, remains part of the assessee's property for recovering arrears due before the child attains majority.
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