Income Over Rs. 25,000 Not Taxable as Gift When Received for Withdrawing Caveat Under Income Tax Act Section 56(2)(v.

Income Over Rs. 25,000 Not Taxable as Gift When Received for Withdrawing Caveat Under Income Tax Act Section 56(2)(v. https://www.taxtmi.com/highlights?id=1803 Amount received in excess of Rs. 25000 / Rs. 50000 - Deemed gift u/s 56(2)(v) - sum received by the assessee was in consideration of the assessee withdrawing the caveat - Not taxable - AT en-us Tue, 27 Sep 2011 00:00:00 +0530 Tue, 27 Sep 2011 00:00:00 +0530 TaxTMI RSS Generator Income Over Rs. 25,000 Not Taxable as Gift When Received for Withdrawing Caveat Under Income Tax Act Section 56(2)(v. https://www.taxtmi.com/highlights?id=1803 Amount received in excess of Rs. 25000 / Rs. 50000 - Deemed gift u/s 56(2)(v) - sum received by the assessee was in consideration of the assessee withdrawing the caveat - Not taxable - AT Highlights Income Tax Tue, 27 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/highlights?id=1803