Urgent Query...in Gifts

Dear Whizkid..

I thnk u r gettng smthng wrong....from 01.10.2009.any immovable property received as gift whose stamp vallue exceeds rs. 50,000/-(if nothng has been paid by the donee) and if sm amt has been paid then if diff bw stamp value and amt paid exceeds rs. 50,000/-, such amt of gift is to be taxed (if the donor is nt the relative)....nd ofcourse this is applicable for nov 2010 exams..