Example: 1) X purchases a house property situated in Nagpur from A on 31st March, 2013. The purchase price is 28,00,000. However, the stamp duty value is 45,00,000. Would your answer be the same if X purchased the above property on 1st April, 2013?

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..... purchased the above property on 1st April, 2013? - Other Sources - Gifts received by Individual & HUF - [Sec. 56(2)(vii)] Income Tax – Other Sources - Income Tax - Manuals - FAQ - Dated:- 19-8-2015 - .....

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..... purchase price and stamp duty value (i.e. 17,00,000) will be taxable in the hands of X for the AY 2014-15. - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Mana .....

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