Question

12.
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Smt. Laxmi reports the following transactions to you:
(1) Received cash gifts on the occasion of her marriage on 18-7-2019 of
71,20,000. It includes gift of 720,000 received from non-relatives.
(ii) On 1-8-2019, being her birthday, she received a gift by means of
cheque from her mother's maternal uncle, the amount being 40,000.
(iii) On 1-12-2019 she acquired a vacant site from her friend for 1,05,000.
The State stamp valuation authority fixed the value of site at 1,80,000
for stamp duty purpose.

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

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