A warning

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Assistant Manager-Service Tax
1733 Points Joined June 2010
This Status Has Been Updated To Inform You dat ....If You Receive Gift Of More ThanRs 50000 From Santa On Christmas Then Please Remember It Is Taxable Under Income Tax Act 1961.... :D :P
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On 26 December 2012 at 20:06 Report
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CA
2039 Points Joined July 2012
Hahahahaha !!!!!!!!!!! Thanks for warnings
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On 26 December 2012 at 20:56
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Believe!! Live your dreams!
33521 Points Joined November 2008

Even gift in Kind is also Taxable :P

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On 26 December 2012 at 21:03
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Practising Company Secretary
12562 Points Joined May 2011

frown Didnt got anything from SANTA this year....so have escaped the tax liability.........wink

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On 27 December 2012 at 10:47


CCI Pro

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