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Gift taxation under section 56

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12 Points Joined January 2018
did gift of Furniture is taxable under section 56 or not doubt is weather it is covered under work of art or not
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On 31 December 2020 at 23:43 Report
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4533 Points Joined February 2017
Not taxable, since it is not covered under the definition of property.
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On 02 January 2021 at 23:40
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80 Points Joined February 2019
No, it is not taxable
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On 03 January 2021 at 01:31
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12 Points Joined January 2018

Thanks for the reply 

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On 25 May 2021 at 11:26

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