alleryStart learning →Lending trust money to a trustee without adequate security or interest is treated how under section 13(2)?
APermitted investment
BCorpus contribution
CApplication for charity
DBenefit to that person
Answer & Solution
Correct answer: D. Benefit to that person
Section 13(2)(a) deems such a loan to be use of trust income or property for the benefit of a specified person.
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