IndigoLearn

Forums

Income of other person included in assessee income

Gv an eg. for first point and who is a beneficiary..

Attachments

IMG_20210110_141605.jpg


Shru Kanda

Shru Kanda

CA Inter

520

10-Jan-21 14:17

9

Answers (4)

Revocable is something which can be cancelled. Beneficiary is the one who receive the benefits of the trust.


Suraj Lakhotia

Suraj Lakhotia

Admin

11-Jan-21 09:13

Revocable is something which can be cancelled. Beneficiary is the one who receive the benefits of the trust.

Is transferee the beneficiary than?


Shru Kanda

Shru Kanda

CA Inter

520

11-Jan-21 09:46

Is transferee the beneficiary than?

Not always. Say a father creates a trust and transfers assets to the trust for benefit of his children. Here transferee and beneficiary are different


Suraj Lakhotia

Suraj Lakhotia

Admin

11-Jan-21 10:19

Happy Mother's Day
IL Pass percentages
Tally Free
Quote
Refer
EMI
Lazypay
Past_Exams