Gift

This query is : Resolved 

18 August 2009 Wheather a gift received by a partnership firm of Rs.200000 in cash is taxable?

18 August 2009 Yes it is Taxable

19 August 2009 why & as per which section gift received by a partnership a firm of Rs. 200000 in cash is taxable?


19 August 2009 As per Section 56(2)(vi) not taxable.



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