Atharv Sankliya (1323 Points)
30 May 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166601 Points)
Replied 30 May 2023
Most of the personal effect assets are not taxable unless defined as property u/s. 56(2) of IT act.
Scope of the term ‘Property’ has been specifically defined to mean immovable property, shares and securities, jewellery, archaeological collections, drawings, paintings, sculptures, any work of art and bullion.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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