Gift given out of blood relation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2015
Dear experts,
Weather gift given of Rs. 50000/- is taxable or not if taxable whom hand it will be taxable..
Plzzzz reply....
Weather gift given of Rs. 50000/- is taxable or not if taxable whom hand it will be taxable..
Plzzzz reply....
01 December 2015
Gift given to other than relatives are exempted upto Rs 50000/-.
If it exceeds Rs. 50,000, the whole amount will be taxable in the hands of recipient.
If it exceeds Rs. 50,000, the whole amount will be taxable in the hands of recipient.
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