Gift Related Quary
Kamlesh Tolani (accountant) (563 Points)
24 January 2022Please suggest me
Mr.x Received Gift Rs.350000 Through Chq
From Uncle
But Uncle Adopted Mr.x As a Son
So Gift is Taxable or Taxfree
Thank you in Advance..
Kamlesh Tolani (accountant) (563 Points)
24 January 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185057 Points)
Replied 24 January 2022
In either case it is exempt as per sec. 56(2) of IT act..
sabyasachi mukherjee
(27715 Points)
Replied 24 January 2022
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT