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Section B (2 Mark)Mr.

Section B (2 Mark)

Mr. X gives Rs. 200000 to Mrs. X as gift. She invests in a proprietary concern and incurs a loss of Rs. 40000

A.

The loss shall be ignored while computing income of both Mr. and Mrs. X

B.

The loss shall be borne by Mrs. X

C.

The loss shall not be clubbed

D.

This loss shall be clubbed in the hands of Mr. X

AAFM CWM_LEVEL_2 Summary

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