Gift received by Individual or HUF on or after 01.04.2017 - Section 56(2)(x)

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....ity Any sum of money Category 1: Without Consideration If aggregate value of money exceeds ₹50,000, the whole of the aggregate value of such money Immovable Property Category 2: Without Consideration Stamp duty value of property if it exceeds ₹50,000 Category 3: With consideration / Inadequate consideration (If stamp duty value exceeds the purchase price by more than ₹....

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....immovable property Category 4: With consideration / Inadequate consideration (If the Fair Market value of such property exceeds the purchase price by more than ₹50,000) Value of gift = Fair Market Value - Purchase Price Category 5: Without Consideration Fair Market Value of such property if it exceeds ₹50,000. Provided that this clause shall not apply to any sum of money or any....

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....such conditions, as may be prescribed. * Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section 56(2). (Rule 11UAC) * by an individual, from any person, in respect of any expenditure actually incurred by him on his medical treatment or treatment of any member of his family, for any illness related to COVID-19 subject to such conditions, as th....