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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