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Income of other person included in assessee income
Direct Taxation
Gv an eg. for first point and who is a beneficiary..
Answers (4)
CA Suraj Lakhotia Admin
Revocable is something which can be cancelled. Beneficiary is the one who receive the benefits of the trust.
Is transferee the beneficiary than?
Thread Starter
Shru KandaIs 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
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