A sold a immovable property to Mr. Y for ₹ 50,00,000 whereas the stamp duty valuation of the property as on the relevant date was ₹ 54,00,000 the value of gift u/s 56(2)(will be :
A. ₹ 4,00,000
B. t 54,00,000
C. ₹ 50,000
D. Nil.
Answer:D
A sold a immovable property to Mr. Y for ₹ 50,00,000 whereas the stamp duty valuation of the property as on the relevant date was ₹ 54,00,000 the value of gift u/s 56(2)(will be :
A. ₹ 4,00,000 B. t 54,00,000 C. ₹ 50,000 D. Nil.