alleryStart learning →Keeping trust funds invested in a firm where a trustee has substantial interest is treated how under section 13(2)(h)?
AA permitted mode
BBenefit to that person
CCorpus application
DExempt accumulation
Answer & Solution
Correct answer: B. Benefit to that person
Section 13(2)(h) deems investment in a concern where a specified person has substantial interest to be benefit to that person.
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