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Leasehold property
bought leasehold property but valuation of registration is high, so whether difference in valuation is taxable or not applicable for leasehold property.
Replies (2)
Yes Taxable Gift under section 56(2)(X) Income from other source
Income from other source 56(2)(X) = SDV - Purchase Price
A CA told me that it's not applicable on leasehold property, it's only for purchase of a property. is it false.
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