Start learning →

Assets given to an AOP: income is clubbed if it benefits whom?

AThe spouse, now or later
BThe employer, now or later
CCreditors, now or later
DPartners, now or later
Answer & Solution
Correct answer: A. The spouse, now or later
Clause (vii) clubs income from such assets to the extent it is for the immediate or deferred benefit of the spouse.
Practise this question with Quill — CA Inter →

Keep practising Aggregation of Income, Set Off of Losses and Deductions

Browse all Aggregation of Income, Set Off of Losses and Deductions questions for CA Inter, or explore more Taxation topics.

Start a Aggregation of Income, Set Off of Losses and Deductions lesson →
Related questions