Question

5. Mrs. Kritika transfers 5000 debentures of STAREX Ltd. to her spouse Mr. Shankar
without consideration. Interest income of Rs. 60,000 for year 2019-20 is received by
Mr. Shankar. Who would be assessable in respect of such interest income for AY
2020-21? Explain the provisions applicable when an individual is assessable in respect
of income from assets transferred to spouse. What will be your answer if Mrs. Kritika
transfers such debentures to Mr. Shankar for adequate consideration?​

Answer 1

Answer:

Science, any system of knowledge that is concerned with the physical world and its phenomena and that entails unbiased observations and systematic experimentation. In general, a science involves a pursuit of knowledge covering general truths or the operations of fundamental laws.