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Section - 61, Revocable transfer of assets (IT Act, 1961)

Section - 61, Revocable transfer of assets (IT Act, 1961)

Income Tax

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.

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Section - 61, Revocable transfer of assets (IT Act, 1961)

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