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Revocable and irrevocable transfer

Kailash Happe (10 Points)

19 December 2018

what's the meaning of revocable and irrevocable transfer of capital asset ?

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A B Kundu (Professional) (1422 Points)
Replied 19 December 2018

Revocable Transfer means you have transferred the capital asset to someone with a right to take back the same in the future whereas Irrevocable Transfer means you have transferred the asset without having right to take back the asset in future.

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Revocable and irrevocable transfer

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