Taxability of Gift u/s 56 - the issue of gift of Indian ...
Indian Millennium Deposit Certificate Gifts Non-Taxable u/s 56 for Recipients.
October 31, 2018
Case Laws Income Tax AT
Taxability of Gift u/s 56 - the issue of gift of Indian Millennium Deposit certificate is not taxable in the hands of the assessee who received the same upon gift and also under the terms and conditions as stipulated in the Indian Millennium Deposit Certificate.
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