Income From GIFT.....

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2010 Please gave me an Idea about INCOME FROM GIFT....It include Immovable property.....?????
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CA.Manish Jindal

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CA.Manish Jindal (Expert)
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
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
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
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 January 2010 Thanks...

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