Nilanj Raval (Student) (89 Points)
07 November 2009Hello.....
My que. is What is the treatment when company receives gift from any other person????
kabirsen
(student)
(251 Points)
Replied 07 November 2009
taxable...
exempt onlyin caseof individual or huf assessee is recepient
Atul Kumar
(working employee)
(153 Points)
Replied 23 January 2010
Yes Gift concept only to Individual,HUF and not to Company if . it shall be taxable according to nature of income wise otherwise taxable under the head Other sources
CAclubindia
