Taxability of Gifts: Sec 56(2)(X) of IT Act, 1961

CA Santhosh Gupta Kethepalli , Last updated: 21 September 2020  
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To prevent the practice of receiving sum of money or the property without consideration or for inadequate consideration, section 56(2)(x) brings to tax any sum of money or the value of any property received by any person without consideration or the value of any property received for inadequate cons

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CA Santhosh Gupta Kethepalli
(Chartered Accountant)
Category Income Tax   Report

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