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of <h1>Amendment to Section 64: Changes in Income Attribution for Transferred Assets Affecting Son's Wife or Minor Child.</h1> Section 64 of the Income-tax Act, 1961, is amended by the Taxation Laws (Amendment) Act, 1984. In sub-section (1), clause (vi) omits the word 'and,' and clause (vii) replaces 'or both.' with 'or both; and.' Additionally, a new clause (viii) is added, addressing income from assets transferred directly or indirectly after June 1, 1973, without adequate consideration. This income, benefiting a son's wife or minor child, is attributed to the individual transferring the assets.
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