Deemed Assets – Section 4 - In case of an Individual - General

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Full Text of the Document

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....al to whom such assets have been transferred by the individual, directly or indirectly, otherwise than for adequate consideration or in connection with an agreement to live apart, or (ii) by a minor child, not being a minor child suffering from any disability of the nature specified in section 80U of the Income-tax Act or a married daughter, of such individual, or [Assets acquired out of his inco....