Gift tax
This query is : Resolved
A.JAGADEEP
(Querist)
13 August 2013
If an individual receives a property amounts to 5 lakhhs from a non-relative.
Is it can be taxable under income tax act?
Is it can be taxable under income tax act?
Rupesh Jain
(Expert)
13 August 2013
yes it is taxable under income from other sources
A.JAGADEEP
(Querist)
13 August 2013
Is it taxable as per Sec-56(2)(VI)?
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