Income from other sources
This query is : Resolved
29 April 2014
Ram HUF gifted a helicopter to son of Karta for achieving good marks in XII board examination. The fair market value of the helicopter is ` 5250000 determine tax liability in the hands of son
Nikhil Kaushik
(Expert)
29 April 2014
it is exempted...u dont have to worry.
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