gift of 5000
dr.prakashanandpandey@gmail.co (1 Points)
25 September 2017dr.prakashanandpandey@gmail.co (1 Points)
25 September 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 25 September 2017
Provision Contained in Sec-56(2)(Vii)-
Where an individual or HUF receives in any previous year, from any person or persons-
(a) any sum of money, without consideration , the aggregate value of which exceeds Rs. 50,000/-, the whole of the aggregate value is taxable,
(b) any immovable property,-
I. without consideration, the stamp duty value of which exceeds Rs. 50,000/-, the stamp duty value of such property is taxable,
II. received for a consideration which is less than the stamp duty value of the property and difference is more than Rs.50,000/- then such difference is taxable
(c) any property other than immovable property,-
I. without consideration , the aggregate fair market value of which exceeds Rs. 50,000/-, the whole of the aggregate fair market value is taxable,
II. received for a consideration which is less than the aggregate fair market value of the property and difference is more than Rs.50,000/- then such difference is taxable
Sreelalu Krishna
(25 Points)
Replied 28 September 2017
Ashwin Kumar
(1229 Points)
Replied 28 September 2017
Ashwin Kumar
(1229 Points)
Replied 28 September 2017
Ashwin Kumar
(1229 Points)
Replied 28 September 2017
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