Gift u/s 56
This query is : Resolved
28 May 2010
can a person received gift from:
1 spouse's grand mother(Dadi)
2 spouse's uncle(chacha/tau)
3 spouse's cousin brother(chacha's son)
above gift received will exempt or taxable.
pl reply this query on urgent basis.
thanks
1 spouse's grand mother(Dadi)
2 spouse's uncle(chacha/tau)
3 spouse's cousin brother(chacha's son)
above gift received will exempt or taxable.
pl reply this query on urgent basis.
thanks
28 May 2010
1. Yes
2. No
3. No
Also visit this link for a comprehensive analysis
http://www.itatonline.org/articles_new/index.php/law-on-taxability-of-gifts-a-comprehensive-analysis/
2. No
3. No
Also visit this link for a comprehensive analysis
http://www.itatonline.org/articles_new/index.php/law-on-taxability-of-gifts-a-comprehensive-analysis/
Message likes :
1 times
28 May 2010
Thanks for providing link
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