https://www.taxtmi.com/manuals?id=1171 Transfer of income without transfer of the underlying asset is treated as clubbing of income, so the income is included in the hands of the transferor. The rule applies where the right to receive income is assigned to another person while ownership of the source asset remains unchanged, and the income arises only because of that arrangement. It operates irrespective of whether the transfer is revocable or irrevocable and does not apply where the corpus or underlying asset itself is transferred. en-us Tue, 15 Sep 2015 12:19:00 +0530 Tue, 23 Jun 2026 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1171 Transfer of income without transfer of the underlying asset is treated as clubbing of income, so the income is included in the hands of the transferor. The rule applies where the right to receive income is assigned to another person while ownership of the source asset remains unchanged, and the income arises only because of that arrangement. It operates irrespective of whether the transfer is revocable or irrevocable and does not apply where the corpus or underlying asset itself is transferred. Manuals Income Tax Tue, 15 Sep 2015 12:19:00 +0530 https://www.taxtmi.com/manuals?id=1171