CA Day celebration 2024 Easy Office
LCI Learning

tax liability on gifts ?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 December 2008 how will be calculate tax liability on gifts given to father in law above Rs.5000?
Profile Image

srinivasan pooranalingam

Profile Image

srinivasan pooranalingam (Expert)
22 December 2008
I think it is exempt from tax u/s. 56 (2) (v) of the IT Act, 1961

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links