About this document
Rule Against Accumulation Explained by Miya Mangalasseril is a document available to read on EtoBox.
Section 17 outlines the rule against accumulation of property income, stating that any direction for accumulation exceeding the life of the transferor or 18 years is void. Exceptions exist for purposes such as debt payment, providing for children, and property maintenance. The section allows accumulation for a permissible period, which is the longer of the transferor
- Author
- Miya Mangalasseril
- Language
- EN