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Receipt of gift on birth day occasion

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(Querist)
18 January 2013
IF GIFT AMT ON B'DAY IS RS. 10, 000/-

WHAT AMT WOULD BE TAXABLE ?

ENTIRE AMT / RS. 5000/- ?
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Naresh Kansala

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Naresh Kansala (Expert)
18 January 2013 full amt is taxable, if it is not received from relative.
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kuna sahu

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kuna sahu (Querist)
18 January 2013 if it is received from the employer,thn
what amt would be taxable?
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Naresh Kansala

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Naresh Kansala (Expert)
18 January 2013 if received in kind then only Rs. 5000/- in your case. and if in cash then full amt. is taxable.
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kuna sahu

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kuna sahu (Querist)
18 January 2013 thank u sir

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