gifts under income tax
Dhana Sai (234 Points)
30 March 2019due to some problem my father's friend able to transfer now.
is that gift is exempted or taxable
note:
we have registered document.
and all other requisite documents.
Dhana Sai (234 Points)
30 March 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171242 Points)
Replied 30 March 2019
Gift was taxable in that period/year.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)