2216 Questions Compiler By CA Ravi Agrawal

Course

CA Inter

Subject

Advanced Accounting

Category

MCQs

Comments

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Sk

21-Nov-2024

As per sec .64 any income arise from transfer assets to spouy will be tax in the hands of transferor so in this case pinky will be no liable (Nil) it would be taxable in the hands of pankaj.

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Sarita

16-Nov-2024

Pankaj gifted an amount of Rs 3,00,000 to his wife, Pinky and ₹ 2,00,000 to his daughter, Rink aged 20 years, on 1st April 2017. Both Pinky and Rinky invested the amounts on the same date in Government of India 11% Taxable Bonds. The interest accrues yearly and is reinvested in the same bonds. Determine what will be the amount taxable in hands on Pinky for A.Y. 2021 -22? (a) ₹ 4,473 (b) ₹ 12,132 (c) ₹ 33,000 (d) Nil Sir.. Explain this one ..

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