Income from assets as per section 64(1)(iv) shall not be included in the income of transferor where any individual transfers directly or indirectly any asset other than house property to the spouse when

CS Executive · Tax Laws · PYQS · December 2020
Income from assets as per section 64(1)(iv) shall not be included in the income of transferor where any individual transfers directly or indirectly any asset other than house property to the spouse when
(A) has received adequate consideration
(B) has been made with an agreement to live apart
(C) after the death of either transferor or transferee
(D) all in A, B & C

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Clubbing of Income

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