Provisions of longor period in the matter of accumulation of property under Section 17 of T.P. Act amounts to
Verified Answer
A. 18 years
B. 20 years
C. 22 years
D. 25 years
Explanation:
Section 17 of the Transfer of Property Act, 1882, states that a direction for accumulation of income is void if the period during which the accumulation is directed exceeds the life of the transferor, or a period of eighteen years from the date of the transfer.