Home / 
Chargeability of income in transfer of assets.
X X X X Extracts X X X X
X X X X Extracts X X X X
....n transfer of assets. 97. (1) All income arising to any person by virtue of a revocable transfer of assets shall be chargeable to income-tax as income of the transferor and shall be included in his t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....(b). (3) Irrespective of the provisions of sub-section (2), all income arising to any person by virtue of such transfer shall be chargeable to income-tax as income of the transferor as and when the p....
TaxTMI
TaxTMI