Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Immovable property received as stock in trade by gift in not taxable

Income Tax - Started By: - Pradeep Jain - Dated:- 18-4-2015 Last Replied Date:- 22-4-2015 - It is written in Taxmann s Direct Tax Ready Reckoner Ay 20014-15 and 20015-16 on page no A-208 (Para 77.5) neither in the hands of Transferor nor transferee.I .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

3 lac.Sec 56(2)(vii) is applicable only when property is received by an Individual or HUF as a capital assets. Since house property in the hands of X is stock-in-trade, nothing will be taxable u/s 56(2)(vii) under the head Income from Other Sources . .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version