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Income from other sources

Rushi Kasralikar (1 Points)

11 January 2020

I recive rs.500000 from my friend. How much tax I have to paid on it?

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NIDHI (ARTICLE) (55 Points)
Replied 11 January 2020

It depends on your slab rate.

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Kapadia Pravin (17264 Points)
Replied 11 January 2020

Welcome to Forum !!
Today only you joined

What for you received 5 lakhs from a friend ?
Under what terms you received it ?
First clarify above for reply on tax issue

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Sagar Baraskar (Student) (59 Points)
Replied 11 January 2020

Any sum of money exceeding Rs. 50000 received without consideration by an individual or an HUF from any person is chargeable to tax as income under “other sources” subject to some exclusions.

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