...........................arises by operation of law eg trust created under MWP Act
An HUF consisted of a father, who is a widower, his three sons and a daughter. On death of the father what will the share of each of his sons?
Mohan is a manager in ABC Co. Ltd. His family consists of his wife and child. It is assumed that his family needs a minimum of Rs. 10,000 per month to maintain current standard of life in unfortunate case of demise of Mohan. The interest rate is 6% pa. Calculate how much insurance is required under income replacement method?
