Section-98 : "Transfer" and "revocable transfer" defined

1. Section-98 as per act

For the purposes of sections 96 and 97, and this section,—

1. "transfer" includes any settlement, trust, covenant, agreement or arrangement;
2. a transfer shall be considered to be revocable, if––
   
   
   1. it contains any provision for the direct or indirect re-transfer of the whole or any part of the income or assets to the transferor; or
   2. it, in any way, gives the transferor a right to re-assume power directly or indirectly over the whole or any part of the income or assets.

2. Help and useful links for Section-98

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. Clubbing of Income – All you need to know
4. Clubbing of Income | Frequent Questions
5. Self Service (DIY) Income Tax Filing made Easy