Section 60, Income-tax Act, 1961 — Transfer of income where there is no transfer of assets

Chapter V · Income of Other Persons, Included in Assessee's Total Income

60Transfer of income where there is no transfer of assets.

Section 60 · Chapter V · page 242 of the Act

All income arising to any person by virtue of a transfer whether revocable or not and whether effected before or after the commencement of this Act shall, where there is no transfer of the assets from which the income arises, be chargeable to income-tax as the income of the transferor and shall be included in his total income.

Other provisions that mention Section 60

Section 11
Section 63
Section 297

Section 60 of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.