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Commerce · Q431

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 431

Q431

According to Section 60, income is clubbed if

A.
asset is transferred without transferring income
B.
asset yielding income is transferred as revocable transfer
C.
asset yielding income is transferred as irrevocable transfer
D.
income is transferred without transferring asset yielding income
Answer

Answer: Option D

Solution

Answer: Option D
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