Gift Tax
This query is : Resolved
16 February 2010
Respected Gentle Men
I would like to know that gift received by a Trust in kind or cash from a Company where Trustees are directors of that company is subject to gift tax?
Further company is transfering funds to the trust without any consideration or any mercantile transacxtion, is this amount attracts gift tax
Respected Gentle Men
I would like to know that gift received by a Trust in kind or cash from a Company where Trustees are directors of that company is subject to gift tax?
Further company is transfering funds to the trust without any consideration or any mercantile transacxtion, is this amount attracts gift tax
22 February 2010
Dear Bhimasenarao
Gift tax abolished and no gift tax payable by the company and in this case not taxable to director also.
Gift tax abolished and no gift tax payable by the company and in this case not taxable to director also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
