Example: 3) X gets by way of gift a plot of land in Pune from a partnership firm. The partnership firm has only two partners– father of X and Mrs. X. The stamp duty value of the plot of land is 19,00,000.

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Other Sources - Gifts received by Individual & HUF - [Sec. 56(2)(vii)] Income Tax – Other Sources
Income Tax
Manuals
Dated:- 19-8-2015
Chapter No. 02 - Other Sources - Gifts receiv .....

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