Urgent sec 62
This query is : Resolved
28 September 2011
what is "transfer of asset by way of trust" as per sec 62 of income tax act?
28 September 2011
Mr. A has a house property. His wife is Mrs. A. Mr A forms a trust with his wife as beneficiary. Thereafter, Mr A transfers the asset to the trust.
This is known as transfer by way of trust.
This is known as transfer by way of trust.
28 September 2011
does execution of general power of attorney means transfer of asset?????????
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