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Section 56(2)(vii) of the Income Tax Act

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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
CA Sarju Pandey

on 17 October 2012

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