Easy Office
LCI Learning

Gift tax calculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 August 2011 Dear Sir,
our firm(proprietorship) has received a gift of rs.5400.00 from non relative .

can you tell me how much tax has to be paid.

Please tell me also the method of calculation
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
20 August 2011 gift below Rs. 50000/- is not taxable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links