Gift given more than 50000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2015
Dear expert
one of my client has given the gift of rs 60000 other than blood relation, my query is :- is my client liable to avail the exemption of rs 50000 or not also tell me whether this gift of rs 60000 is to be full y taxable in the hand of recipient..
plz reply..
one of my client has given the gift of rs 60000 other than blood relation, my query is :- is my client liable to avail the exemption of rs 50000 or not also tell me whether this gift of rs 60000 is to be full y taxable in the hand of recipient..
plz reply..
04 September 2015
Gift of Rs. 60000/-will be fully taxable.
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