Computation of capital gains on the basis of the fair market value.
X X X X Extracts X X X X
X X X X Extracts X X X X
....4(1)(a) Statute: Gift Tax Act, 1958 In terms of section 4(1)(a) of the Gift-tax Act, 1958, where property is transferred otherwise than for adequate consideration, the amount by which the market val....




TaxTMI
TaxTMI