Gift Tax can be assessed on basis of Guideline Value for Valuation of Stamp Duty and Registration: Madras High Court [Read Order]

A two-judge bench of the Madras High Court has held that the guideline value for the purpose of the valuation of stamp duty and registration can be taken as the basis for the purpose of determining the value of the gift as against the value as per Schedule II of Gift Tax Act. The assessee […]
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