Income From GIFT.....
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2010
Please gave me an Idea about INCOME FROM GIFT....It include Immovable property.....?????
14 January 2010
if u receive gift valuing more than rs 50000 from non relative it is taxable in the hands of receipent including immovable property
14 January 2010
If gift exceeding Rs. 50,000 is received from a non relative in cash or immovable property then the same is taxable in the hands as income from other sources
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2010
Thanks...
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