Chapter V of the Income-tax Act, 2025 — Income of Other Persons Included in Total Income of Assessee

What this chapter does

Sections 96 to 100 deal with a transfer of income without a transfer of the asset behind it, with revocable transfers, and with income of a spouse or minor child being included in an individual's total income. Section 100 then fixes who bears the tax when income of one person is charged in the hands of another. The provisions are aimed at arrangements that move income on paper while leaving control where it was.

What to watch

• Clubbing operates after the income is computed under its own head, not instead of that computation.
• The definition of 'revocable transfer' in section 98 does most of the work in this chapter.

The sections in this chapter

• Section 96 — Transfer of income without transfer of assets
• Section 97 — Chargeability of income in transfer of assets
• Section 98 — "Transfer" and "revocable transfer" defined
• Section 99 — Income of individual to include income of spouse, minor child, etc
• Section 100 — Liability of person in respect of income included in income of another person