Income from other sources u/s. 56(1) - gift of shares received ...

Income Tax

March 27, 2023

Income from other sources u/s. 56(1) - gift of shares received by the assessee - The gift received by the assessee in present case is in the capital field and can be brought to tax under the head capital gain. Accordingly, the provision of section 56(1) cannot be resorted to. - AT

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Income from other sources u/s. 56(1) - gift of shares received ...

Income Tax

March 27, 2023

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