https://www.taxtmi.com/manuals?id=4125 Prescribed movable property acquired by an individual or HUF for less than fair market value is chargeable to tax unless specific exemptions apply, including gifts from relatives, HUF members, on marriage, under a will or by inheritance, in contemplation of death, from local authorities, and from certain charitable, educational, medical and similar institutions subject to conditions and recipient exclusions; limited additional exemptions exist for specified trust transactions and transfers to trusts for relatives, and further categories may be prescribed. en-us Mon, 25 Dec 2023 13:03:00 +0530 Wed, 10 Jan 2024 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4125 Prescribed movable property acquired by an individual or HUF for less than fair market value is chargeable to tax unless specific exemptions apply, including gifts from relatives, HUF members, on marriage, under a will or by inheritance, in contemplation of death, from local authorities, and from certain charitable, educational, medical and similar institutions subject to conditions and recipient exclusions; limited additional exemptions exist for specified trust transactions and transfers to trusts for relatives, and further categories may be prescribed. Manuals Income Tax Mon, 25 Dec 2023 13:03:00 +0530 https://www.taxtmi.com/manuals?id=4125