close friend of the assessee living abroad sent cash gift of 75000 through a relative..taxability?
Osheen Bhattacharya (CA Final) (241 Points)
25 April 2010close friend of the assessee living abroad sent cash gift of 75000 through a relative..taxability?
itika mehra
(articled assistant)
(202 Points)
Replied 25 April 2010
Yes the whole of amount received by the person is taxable.
Austin2
(Business)
(21 Points)
Replied 26 April 2010
Ho.. is it..!
This is query i'm carrying since long time..Now it's been clarified..Thanks for providing info.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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