https://www.taxtmi.com/news?id=1012 With effect from 1 October 2009, immovable property and other property received as gifts by an individual or HUF whose value exceeds the statutory monetary threshold are includible as income from other sources; the donee must pay tax on and disclose the taxable value in the income tax return for the assessment year beginning 2010 11 and thereafter. en-us Wed, 30 Sep 2009 16:27:16 +0530 Mon, 05 Oct 2009 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1012 With effect from 1 October 2009, immovable property and other property received as gifts by an individual or HUF whose value exceeds the statutory monetary threshold are includible as income from other sources; the donee must pay tax on and disclose the taxable value in the income tax return for the assessment year beginning 2010 11 and thereafter. News - Wed, 30 Sep 2009 16:27:16 +0530 https://www.taxtmi.com/news?id=1012