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of <h1>Receiving Shares, Jewellery, or Artworks Below Fair Market Value is Taxable if Over Rs. 50,000; Excludes TVs.</h1> If an individual or Hindu Undivided Family (HUF) receives prescribed movable property like shares, jewellery, or artworks for less than their fair market value, it is taxable if the total fair market value of such properties exceeds the consideration by more than Rs. 50,000. However, non-prescribed items like a television set are not taxed if received for less than their fair market value.
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