Hi!
If i gift my friend a car would it be taxable for my friend??
Note that the property definition for purpose of taxabilty of gifts doesnt include cars
Thanks in advance!
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 03 January 2014
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 03 January 2014
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)