Transfer Irrevocable for a specified period - Section 62

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..... ed period - Section 62 The provisions of revocable transfer shall not apply to any income arising to any person by virtue of transfer in the following cases:- In the case of transfer by w .....

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..... se. Notes:- Income shall be clubbed in the income of the transferor, as and when the power to revoke arises. Actual revocation is not relevant. - Manuals - Ready reckoner - Law .....

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