9911796707
| TMI Short Notes |
|
Home |
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. |
Chapter No. 02 - Other Sources - Gifts received by Individual & HUF - [Sec. 56(2)(vii)] Taxable, since partnership firm is not “relative” even if relatives of X are partners.
Dated: 19-8-2015
|
