Aarti bought a wristwatch from her friend the FMV of wrist watch was ₹ 90,000 but she got it for ₹ 30,000. The amount taxable in the hands of Aarti will be:
A. ₹ 90,000
B. ₹ 60,000
C. Nil
D. ₹ 30,000
Answer:C
Aarti bought a wristwatch from her friend the FMV of wrist watch was ₹ 90,000 but she got it for ₹ 30,000. The amount taxable in the hands of Aarti will be:
A. ₹ 90,000 B. ₹ 60,000 C. Nil D. ₹ 30,000