Section mapper · Other income, gifts and clubbing
Section 60 of the Income-tax Act, 1961 is now
section 96 of the Income-tax Act, 2025
Giving away the income without giving away the asset.
- Was
s.60, Income-tax Act, 1961 (repealed)- Is now
s.96, Income-tax Act, 2025- In force from
What changed
Renumbered. Section 96 keeps the rule that opens the clubbing chapter: income transferred without transferring the asset that produces it stays the transferor’s income, revocably or not, whenever the transfer was made.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.64 → s.99 — Clubbing — when your spouse’s or child’s income is taxed as yours
- s.56 → s.92 — Income from other sources — interest, dividends and gifts