alleryStart learning →A trust created solely for an individual's relative receives a gift from that individual. Is it taxed under clause (x)?
AYes, the entire sum
BNo, it is excluded
CYes, but at half
DYes, above the limit
Answer & Solution
Correct answer: B. No, it is excluded
The proviso excludes receipts from an individual by a trust created or established solely for the benefit of that individual's relative.
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