Gifts received by an individual
ajay patel (Student) (34 Points)
29 January 2016ajay patel (Student) (34 Points)
29 January 2016
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 29 January 2016
/forum/gift-cash-in-marriage-and-tax-implication-for-the-same-270785.asp
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 30 January 2016
Income Tax on Gift received by an individual or HUF is governed by provisions of Section 56(ii) of the Income Tax Act. As per the provisions of this Section, Gift Tax will not be levied under the following 7 circumstances
Live class on PF & ESI Enrollment & Returns Filing(with recording)