Any immovable property, including a house, received by an individual taxpayer during any financial year (FY) without consideration, the stamp duty value of which exceeds ₹50,000, is not taxable if it is received from a relative which includes, among others, the father of an individual.
Any immovable property, including a house, received by an individual taxpayer during any financial year (FY) without consideration, the stamp duty value of which exceeds ₹50,000, is not taxable if it is received from a relative which includes, among others, the father of an individual.
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