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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  1. The term "Person" includes
  2. PAN is necessary for the following assessees -
  3. The apex body of Income Tax Department. is
  4. The first income tax act was introduced in the year
  5. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  6. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  7. The income of previous year of an assessee is taxed during the following assessment year
  8. Expected Rent can be determined in the following way
  9. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  10. No interest is available if the amount of refund of income tax paid is less than
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  12. A company is considered to be resident if
  13. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  14. The Income Tax Act 1961 came into force on
  15. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  16. The TDS Certificate issued by an employer to his employees in case of salary income is
  17. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  18. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  19. Any receipt of casual and non-recurring nature is known as casual income
  20. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  21. For a senior citizen the amount of deduction U/s 80D available is
  22. Sec. 234A deals with
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  24. Which of the following statements is incorrect?
  25. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  26. Contribution to superannuation fund is
  27. Which of the following income is / are exempt from tax?
  28. Which one of the following taxes is not levied by the State Government?
  29. The rates of Income Tax are specified in
  30. Tax' is imposed on a person by