22 July 2022
Sir, It assessess(son) immovable property (vacant site)Gift from father value rs:1 crore +stamp duty value rs:3 lacs total rs:1,03,00,000/-in f.y.21-22.if stamp duty charges paid by son. Question: 1.Assessess immovable property value rs:1 crore or including stamp duty correct value show in it returns. 2.assessee gift immovable property value show debited to capital account or assessee block(balance sheet) show in books and it returns.
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