The Income Tax Act has been amended for GIFT

Last updated: 10 October 2009
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The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs.50,000 /- #doc
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Submitted by · Posted 10 October 2009 · Other files by Mahalingam R · Report
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