Regarding gift
Kamlesh Tolani (accountant) (562 Points)
09 January 2020gift recieve from sister in cash 51000.
so this is exepmted or taxable
and
Howmany amount cash gift expemted ?.
Kamlesh Tolani (accountant) (562 Points)
09 January 2020
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 09 January 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 09 January 2020
Prepare Gift Deed ,Exempt under section 56(2) of the Income tax act 1961 in the hands of recipient in case of relative ,as Jain sir already sated above .
Kapadia Pravin
(17259 Points)
Replied 09 January 2020
Kamlesh Tolani
(accountant)
(562 Points)
Replied 09 January 2020
Kamlesh Tolani
(accountant)
(562 Points)
Replied 09 January 2020