You are an Estate Planner. Your Client asks you that if he wants to give business to his
children which method is not appropriate. He further asks you which method can help him
control the size of this gift through his will. Your reply would be__________
Mr. Sahil has two daughter and is in receipt of education allowance of Rs 200 per month for
each of them. What would be the taxable allowance in the hands of Mr. Sahil for the full FY.
As per ______________ of Income Tax Act every member of the HUF before partition shall
be jointly and severally liable for the tax on the income assessed of the HUF