Provision for Gift Income For domestic & NRI GIft
This query is : Resolved
14 August 2008
Please provide the guidelines for the main points are :-
Exemption limit
Taxable Limit
Exemption limit
Taxable Limit
14 August 2008
any gift received received from relatives are exempt from tax u/s 56(2)(VI)& receive from others are exempt rs 50000/- & inexcess of rs 50000/-the whole amount is taxable
07 November 2021
https://incometaxindia.gov.in/Pages/faqs.aspx?k=FAQs+on+Gifts+received+by+an+individual+or+HUF&c=0
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?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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 ?
Trending Online Classes
CAclubindia
