income from other sources
This query is : Resolved
Priyank parekh
(Querist)
31 August 2016
does section 56 (2)(vii)(c)(1) and 56 (2)(vii)(c)(2) operate simultaneously. That is to say where someone has received gift worth rs.49000 and another movable property at the concession of rs.2000 ....would it be result into the taxability of rs.51000
Amol S Joglekar
(Expert)
31 August 2016
independently.......each one on stand alone basis.
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