Income of individual to include of AOP to which assets are transferred for the benefit of son's wife - (New) Section 99(1)(d) / (Old) Section 64(1)(viii)

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....Income Tax Act, 2025 [ From 01.04.2026 ] Provision - The total income of any individual, for a tax year, shall include the income arising directly or indirectly,-- • to any person or association of persons from assets transferred directly or indirectly, • otherwise than for adequate consideration to the person or association of persons by such individual....

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....ncome is intended for their: • immediate benefit; or • deferred benefit. 5. Assets must be transfer to  • A Person or  • An Association of person Under Section 64(1)(viii) of the Income Tax Act, 1961 [ Upto 31.03.2026 ] • Where the asset transferred to a person or an AOP, without adequate consideration for t....