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Income tax query
assessee purchase property in f.y 2012-13 rs 13 lacs and dlc value is rs 21 lacs kindly suggest any gift income added in the hand of purchaser in f.y. 2012-13
Replies (2)
Assessse who has purchased property of Rs 13 lacks will be taxable under income from other sources for Rs (21-13) 8lakhs
Sir this provision applicable from a.y 2014-15
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