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Commerce · Q654

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 654

Q654

The examples of revocable transfers are:

A.
If there is an express clause of revocation in the instrument of transfer
B.
If there is a sale with a condition of repurchase
C.
If the trustees are empowered in sole discretion to revoke the transfer
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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