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income from other source
if immovable property (rs200000)received from friends on the occasion of birthaday ; if each contributing 40000rs ....... is it taxable income under the head income from other source?
Replies (4)
yes, taxable under IOS, because aggregate amount exceeds RS. 50000.
Yes aggregate if stamp duty value exceed 50000
thank you sir ....
fully taxable as aggregate value exceeds rs 50k
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