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(Querist)
18 August 2009 Wheather a gift received by a partnership firm of Rs.200000 in cash is taxable?
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
18 August 2009 Yes it is Taxable
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ASHISH AGARWAL

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ASHISH AGARWAL (Querist)
19 August 2009 why & as per which section gift received by a partnership a firm of Rs. 200000 in cash is taxable?
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Aditya Maheshwari

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

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