Transfer of Income without transfer of assets would be taxable in the hands of:

CS Executive · Tax Laws · PYQS · December 2024
Transfer of Income without transfer of assets would be taxable in the hands of:
(A) Transferor only
(B) Transferee only
(C) Both (A) and (B)
(D) None of the above

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act

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