As per section 21(1), the transferor will be considered as deemed owner, when spouse transfers the
A. Property for adequate consideration
B. Property without adequate consideration but they decide to live apart
C. Property without adequate consideration without agreement to live apart
D. Money to other spouse and other spouse utilizes the money so gifted for purchase of property
Answer:C
As per section 21(1), the transferor will be considered as deemed owner, when spouse transfers the
A. Property for adequate consideration B. Property without adequate consideration but they decide to live apart C. Property without adequate consideration without agreement to live apart D. Money to other spouse and other spouse utilizes the money so gifted for purchase of property