Section 96 Income Tax Act 2025 Transfer of income without transfer of assets. By CA Satbir Singh | March 30, 2026 0 Comment Last Updated on: April 4, 2026Section 96 Income Tax Act 2025 CHAPTER V INCOME OF OTHER PERSONS INCLUDED IN TOTAL INCOME OF ASSESSEE Transfer of income without transfer of assets. 96.All income arising to any person by virtue of a 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.
