Transfer of income without transfer of assets
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
All income arising to any person by virtue of transfer,––
- (a)whether revocable or not, and whether effected before or after the commencement of this Act; and
- (b)where there is no transfer of assets from which such income arises,
shall be chargeable to income-tax as the income of the transferor and shall be included in his total income.
