Transfer of income is revocable in the following cases :

CS Executive · Tax Laws · PYQS · December 2019
Transfer of income is revocable in the following cases :
(A) Sale with a condition of re-purchase
(B) Power to change beneficiary or trustees
(C) Both (A) and (B)
(D) Neither (A) nor (B)

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic