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.
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
- Forfeited advance money treatment in Income tax
- Filing d ITR by registered legal heir
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- Took advance of Rs 500000/ for supply of iron goods
- Escrips ROdtep time limit
- 26QB correction - no data available error for fully consumed/processed with default
- Real estate business by a partnership firm where both of the partners are SC/ST
- ROC filings for the first year of incorporation
- Short term capital gain Section 87A
- Partnership deed reconstitution in how much stamp paper in uttar pradesh
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Need to send letter to GST dept. For claimed missed ITC
- PRINTING PRESS UNDER COMPOSITION SCHEME
- 140-A TAX WRONGLY PAID PAN NO
- CSR funding for private limited companies
- SAC codes for Chartered Accountant
- Professional tax deduction monthly
- Cross charges verses Isd methof
- Refund Application in RFD 01 for Export without payment of tax
CAclubindia
