The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs.50,000 (rupees fifty thousand).
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Showing posts with label section 56. Show all posts
Showing posts with label section 56. Show all posts
Monday, October 12, 2009
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