https://www.taxtmi.com/acts?id=11664 Total income of a transferor includes income accruing to another person by virtue of a transfer that leaves the asset's income with that person or by virtue of a revocable transfer. Transfers that are not revocable during the lifetime of the beneficiary (for trusts) or during the lifetime of the other person (for non-trust transfers) are excluded. A transfer is revocable if it provides for re-transfer or permits the transferor to re-assume control over income or assets, and transfers include settlements, trusts, covenants, agreements and arrangements. en-us Thu, 16 Sep 2010 18:24:55 +0530 Fri, 17 Sep 2010 13:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11664 Total income of a transferor includes income accruing to another person by virtue of a transfer that leaves the asset's income with that person or by virtue of a revocable transfer. Transfers that are not revocable during the lifetime of the beneficiary (for trusts) or during the lifetime of the other person (for non-trust transfers) are excluded. A transfer is revocable if it provides for re-transfer or permits the transferor to re-assume control over income or assets, and transfers include settlements, trusts, covenants, agreements and arrangements. Act-Rules Bills Thu, 16 Sep 2010 18:24:55 +0530 https://www.taxtmi.com/acts?id=11664