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When can income from assets transferred to a son's wife be clubbed in the income of the transferor?
  • a)
    When the transfer is made with adequate consideration.
  • b)
    When the transfer is made for the benefit of the transferor's spouse.
  • c)
    When the transfer is made to an association of persons.
  • d)
    When the transfer is made without adequate consideration.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
When can income from assets transferred to a son's wife be clubbed in ...
Income from assets transferred to a son's wife can be clubbed in the income of the transferor if the transfer is made without adequate consideration. This prevents individuals from transferring assets to family members without proper consideration to avoid taxes.
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When can income from assets transferred to a son's wife be clubbed in the income of the transferor?a)When the transfer is made with adequate consideration.b)When the transfer is made for the benefit of the transferor's spouse.c)When the transfer is made to an association of persons.d)When the transfer is made without adequate consideration.Correct answer is option 'D'. Can you explain this answer?
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When can income from assets transferred to a son's wife be clubbed in the income of the transferor?a)When the transfer is made with adequate consideration.b)When the transfer is made for the benefit of the transferor's spouse.c)When the transfer is made to an association of persons.d)When the transfer is made without adequate consideration.Correct answer is option 'D'. 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 When can income from assets transferred to a son's wife be clubbed in the income of the transferor?a)When the transfer is made with adequate consideration.b)When the transfer is made for the benefit of the transferor's spouse.c)When the transfer is made to an association of persons.d)When the transfer is made without adequate consideration.Correct answer is option 'D'. 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 When can income from assets transferred to a son's wife be clubbed in the income of the transferor?a)When the transfer is made with adequate consideration.b)When the transfer is made for the benefit of the transferor's spouse.c)When the transfer is made to an association of persons.d)When the transfer is made without adequate consideration.Correct answer is option 'D'. Can you explain this answer?.
Solutions for When can income from assets transferred to a son's wife be clubbed in the income of the transferor?a)When the transfer is made with adequate consideration.b)When the transfer is made for the benefit of the transferor's spouse.c)When the transfer is made to an association of persons.d)When the transfer is made without adequate consideration.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
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