09 October 2010
Employer gives a ring worth Rs. 52000/- to an employee on his 50th birthday on 15.01.2010. How will it be treated while computing taxable income of employee?
11 October 2010
GIFTS UPTO RS 5000 IN AGREEGATE PER ANNUAN WOULD BE EXEMPT, BEYOND WHICH IT WOULD BE TAXABLE. CIRCULAR NO. 15/2001, DATED DECEMBER 12, 2001
CAclubindia
