alleryStart learning →A spouse puts Rs 2 lakh of gifted funds into an Rs 8 lakh business earning Rs 1.6 lakh. Clubbed?
ARs 1,60,000
BRs 40,000
CRs 80,000
DRs 20,000
Answer & Solution
Correct answer: B. Rs 40,000
Income is clubbed in the ratio of transferred assets to total investment: 1,60,000 x 2/8 = 40,000.
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