Gift from Relative property
Vikash (G) (393 Points)
15 December 2021
Tanuj Chandra Saxenaa
(Company Secretary)
(7070 Points)
Replied 15 December 2021
Vikash
(G)
(393 Points)
Replied 15 December 2021
Mujeeb rahuman
(Audit assistant)
(101 Points)
Replied 15 December 2021
Madhavi Pandit
(78 Points)
Replied 16 December 2021
Under Income tax act gift from relative is not taxable. The cost will be cost to the previous owner.
We cannot show it in Balance sheet at Market value and depreciate.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)