Money or property received by without consideration or with inadequate consideration is taxable u/s 56(2)(x)
A. Individual only
B. Individual and HUF
C. Any person
D. Individual, HUF, BOI & AOP
Answer:C
Money or property received by without consideration or with inadequate consideration is taxable u/s 56(2)(x)
A. Individual only B. Individual and HUF C. Any person D. Individual, HUF, BOI & AOP