Section 56(2)(vii) of the Income Tax Act
CA Sarju Pandey
Author
File details
File description
Section 56(2)(vii)
Any Sum of Money or Value of Property received without consideration or
value of property, other than immovable property, received for inadequate consideration
to be subject to tax in the hands of the recipient, BEING an INDIVIDUAL OR a HUF
this is the best attempt of MINE
I am sure you must like it #pdf
Comments
Recent Files in Income Tax
View more →
PDF
FAQs on Agricultural Income (Section 2(5) and Rule 270) as per IT Act 2025
17 September 2026
Download
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Popular Files
- FAQs on Reforms related to Litigation Management
- FAQs on refund of ITC accumulated on account of inward supply of input services and capital goods
- FAQs in relation to Recommendations of the 57th GST Council Meeting
- RBI Bulletin: October 2026
- RBI issues guidelines on the implementation of Leverage Ratio 2017 Standard
- Risk Management and Inter-Bank Dealings
- Guidance Notes for CA Foundation Jan 2027 Exams
- Permanent Exemption Window (Intermediate) - Jan 2027 Exams
CAclubindia
