https://www.taxtmi.com/manuals?id=1173 Income arising from a transfer is not clubbed in the hands of the transferor where the transfer is by way of trust or otherwise not revocable during the relevant lifetime, provided the transferor derives no direct or indirect benefit. A transfer is deemed revocable if it permits re-transfer of income or assets, or allows the transferor to re-assume power over them. If the transferor later acquires the power to revoke, the income becomes clubbed from that point, and actual revocation is not necessary. en-us Tue, 15 Sep 2015 12:22:00 +0530 Tue, 23 Jun 2026 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1173 Income arising from a transfer is not clubbed in the hands of the transferor where the transfer is by way of trust or otherwise not revocable during the relevant lifetime, provided the transferor derives no direct or indirect benefit. A transfer is deemed revocable if it permits re-transfer of income or assets, or allows the transferor to re-assume power over them. If the transferor later acquires the power to revoke, the income becomes clubbed from that point, and actual revocation is not necessary. Manuals Income Tax Tue, 15 Sep 2015 12:22:00 +0530 https://www.taxtmi.com/manuals?id=1173