Section 56(2)(x) – Gift Tax | Full Concept + Examples for CA Final & Inter Jan 2026 | CMA Dec-25
Автор: CA Nilesh Chandak (AIR 18 | 29)
Загружено: 2025-10-12
Просмотров: 140
Описание:
In this video, we decode Section 56(2)(x) of the Income Tax Act, 1961, which deals with the taxation of gifts in India.
You’ll learn how gifts—whether received in cash, property, or other assets—are taxed, what exemptions are available, and the key threshold limits to remember for exams and practical life.
We cover:
✅ Meaning of “gift” under Income Tax Act
✅ When gifts become taxable under Section 56(2)(x)
✅ Exempted gifts – relatives, on marriage, inheritance, etc.
✅ Gift of immovable property – stamp duty value concept
✅ Gift of movable property – fair market value rules
✅ Practical examples and exam-focused analysis
This video is a must-watch for CA Inter and CA Final students preparing for Direct Tax (DT), as well as finance enthusiasts who want to understand how income tax applies to gifts in India.
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Timestamps:
0:00 Introduction
1:00 Meaning of Gift
3:26 Receipt of money as gift
4:31 Receipt of Property as gift
5:08 Gift of immovable property
8:15 Interplay of 56(2)(x), 50C and 43CA
10:18 Gift of movable property
13:00 Categorisation
13:53 Exemption 1 - marriage
14:23 Exemption 2 - relative
16:53 Other exemptions
19:28 Gift further transferred
20:16 Illustration
22:49 Concluding remarks
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