In case of Revocable Transfer of asset its income will be taxable in the hands of:
A. Transferee
B. Transferor
C. Transferor for 5 years
D. Transferee for 5 years
Answer:B
In case of Revocable Transfer of asset its income will be taxable in the hands of:
A. Transferee B. Transferor C. Transferor for 5 years D. Transferee for 5 years