Dear Sir,
My Client Received Land as Gift
So Gift is Taxable or exempt
If received from RELATIVE/S, then no tax; otherwise taxable.
Relatives as per sec. 56(2) of IT act.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177869 Points)
Replied 24 August 2021
In protest against ADMIN for its discriminatory behavior among different members, I leave the portal permanently. Good Bye.
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