Is 50,000 limit to be taken separately for cash, movable and immovable property gift?
If jewellery worth 60000 given as gift? Now will cash gift 10000 also become taxable?
1. Aggregate
2. Yes
3 Replies
Rohit Pathak
(Student CA IPC / IPCC)
(24 Points)
Replied 03 October 2017
Yes ! 50000 is not an individual limit. It is an aggegate limit.
Dr. ShamsheerKhan
(Director of S S Associates)
(968 Points)
Replied 03 October 2017
Yes I agreed with Dhiraj&Rohit.
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