GIFT value sec 56 2(x) covered in it act
This query is : Resolved
28 February 2022
Sir,
It assessee (name Mr.A) motor car gift from friend received value rs:15 lacs.
Question:
Mr.A Gift movable property value rs:15 lacs provision sec 56 2(x) covered in it act.
It assessee (name Mr.A) motor car gift from friend received value rs:15 lacs.
Question:
Mr.A Gift movable property value rs:15 lacs provision sec 56 2(x) covered in it act.
01 March 2022
Motor car, being not covered under assets; when gifted, is not liable for tax .
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
