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Under what circumstances can an individual transfer income without transferring the ownership of the asset?a)When the asset's ownership is transferred to a close family member.b)When the asset's ownership is transferred to a charitable organization.c)When the asset's ownership is retained, but the income is transferred to a friend.d)When the asset's ownership is transferred to a business partner.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Under what circumstances can an individual transfer income without transferring the ownership of the asset?a)When the asset's ownership is transferred to a close family member.b)When the asset's ownership is transferred to a charitable organization.c)When the asset's ownership is retained, but the income is transferred to a friend.d)When the asset's ownership is transferred to a business partner.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under what circumstances can an individual transfer income without transferring the ownership of the asset?a)When the asset's ownership is transferred to a close family member.b)When the asset's ownership is transferred to a charitable organization.c)When the asset's ownership is retained, but the income is transferred to a friend.d)When the asset's ownership is transferred to a business partner.Correct answer is option 'C'. Can you explain this answer?.

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