alleryStart learning →Property received under a will or by inheritance is treated under section 56(2)(x) as?
ATaxable above the limit
BExcluded from its scope
CTaxable at half value
DTaxable in full amount
Answer & Solution
Correct answer: B. Excluded from its scope
The proviso to clause (x) lists receipts under a will or by way of inheritance as outside its charge.
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