gift of stock in trade

If mr. x falls in definition of relative then no consequence of tax in your hand however if not then since property value is above 50,000/- even though given as gift it will chargeable to capital gain in your hand

Yes then it will be chargeable at fair market value if value is above 50,000/-

56(2)(vii)(c)

Plz give answer of dis

Is der tax if flat is transferred to relative and flat hold is stock in trade by builder or landowner