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
View Source
