Without consideration
A receipt for which nothing is paid. The whole of the aggregate fair market value received during the year is chargeable if that aggregate exceeds Rs 50,000.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series X-B← All terms