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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?

Dated:- 19-8-2015 - Chapter No. 02 - Other Sources - Gifts received by Individual & HUF - [Sec. 56(2)(vii)] If X pur .....

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purchase price is lesser than the stamp duty value. If X purchases on 1st April, 2013 The amended provisions would be a .....

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