Revocable transfer of Assets - Section 61

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Where there is a revocable transfer of an asset by a person to another person, any income arising/derived from such assets shall be included in the total income of the transferor. Transfer includes .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X