ITR -2 House property received as gift from relative
R.Akhila (Student CA ) (61 Points)
25 July 2019what value should I show as gift? actual cost to previous owner or market value?
R.Akhila (Student CA ) (61 Points)
25 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 26 July 2019
1. 'Schedule EI' exempt income u/s. 56(2)(x)
2. Stamp duty value as on the date on gift.
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