As per Section 96 of the Income-tax Act, 2025, income is clubbed if
Section 96 includes transferred income in the transferor's income when the underlying asset is retained. A revocable transfer of the asset itself falls under a separate…
Choose your answer
As per Section 96 of the Income-tax Act, 2025, income is clubbed if
Answer and explanation
Correct answer B
Section 96 includes transferred income in the transferor's income when the underlying asset is retained. A revocable transfer of the asset itself falls under a separate provision.
Practice for these exams
-
Karnataka SET (KSET)