gift income
Rekha Bisht (64 Points)
28 August 2018
amount received by relative by way of gift..........need to be report in ITR?
Rekha Bisht (64 Points)
28 August 2018
If you receive the sum of money worth more than Rs.50000, you are liable to pay the tax on the aggregate amount (that is, total amount received). This rule applies when the gift is a sum of money, whether in cash, by way of cheque, bank draft or any articles which is value more than the Rs.50000.
Sunil Suni
(94 Points)
Replied 29 August 2018
Sunil Suni
(94 Points)
Replied 29 August 2018
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
