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Gift Received from Employer

This query is : Resolved 
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(Querist)
05 March 2010 I will be getting gift by cheque of Rs.25000/- as token of appreciation, Just want to confirm whether it's taxable for me and do i have have to pay any tax for the same or not

Anticipating your kind reply for the same

Thanks,
Prashant Sawant
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 March 2010 Yes, it will be taxable under the head "Salaries".
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CA.Nikhil Gupta

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CA.Nikhil Gupta (Expert)
05 March 2010 its taxable
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
05 March 2010 Agree.It is taxable under salaries

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