Section 128 of TPA : Section 128: Universal Donee
TPA
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Explanation using Example
Imagine that Mr. Sharma, an elderly man with no immediate family, decides to gift his entire estate to his caretaker, Priya, as a token of appreciation for her years of service. His estate includes a house, a car, and a small amount of savings. At the time of the gift, Mr. Sharma has an outstanding debt of Rs. 500,000 to ...
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