If a self occupied property is converted into HUF property without adequate consideration then

A. Entire income from such property will be clubbed with the income of the transferor

B. 50% of such income will be clubbed

C. Such income will not be clubbed

D. None of the above

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  2. Sec. 234A deals with
  3. Income Tax Act 1922 is a "milestone" because
  4. Income of a minor will not be clubbed with his/her parent's income if
  5. Uncommuted pension received by a Government employee is fully exempt from tax.
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  7. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
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  11. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
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  13. Tax' is imposed on a person by
  14. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  15. The income of previous year of an assessee is taxed during the following assessment year
  16. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  17. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  18. Tax on fringe benefit has been introduced from the assessment year
  19. Any receipt of casual and non-recurring nature is known as casual income
  20. Assessment year 2006-07 commenced on
  21. If a self occupied property is converted into HUF property without adequate consideration then
  22. A company is considered to be resident if
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  24. Contribution to superannuation fund is
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  26. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  27. The Income Tax Act, which is still in force in India, was enforced in
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  30. Expected Rent can be determined in the following way