Revocable transfer of assets.
All income arising to any person by virtue of a revocable transfer of assets shall be chargeable to income-tax as the income of the transferor and shall be included in his total income.
Section 61: Revocable transfer of assets
The Income-tax Act, 1961Central Act · Act 43 of 1961
Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026
Where this provision sits
| Act | The Income-tax Act, 1961 |
|---|---|
| Section | 61 |
| Marginal note | Revocable transfer of assets |
| Jurisdiction | Central |
| Status | Repealed |
| Judgments citing it | 1 |
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