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    Question

    Income arising from the transfer of an asset before 1- 4

    - 61, which was not revocable for a period exceeding ______, is not includible in the total income of the transferor provided the transferor does not derive direct or indirect benefit from such income.
    A Four years Correct Answer Incorrect Answer
    B Seven years Correct Answer Incorrect Answer
    C Six years Correct Answer Incorrect Answer
    D Five years Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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