As per Section 64(i)(iv), there shall be included in the income of an individual, any income arising from the gift to the spouse of:
A. Any capital asset’
B. Any asset
C. Any asset other than house property
D. None of the above
Answer:C
As per Section 64(i)(iv), there shall be included in the income of an individual, any income arising from the gift to the spouse of:
A. Any capital asset’ B. Any asset C. Any asset other than house property D. None of the above