KINDLY LET ME WHETHER GIFT GIVEN BY HUSBAND OF SISTER FROM ABROAD(UK) IS TAXABALE OR IT WILL ALSO BE CONSIDERED EXEMPT
EMAIL ID SANKAGARWAL @ GMAIL.COM
6 Replies
akshay kumar surana
(practice)
(27 Points)
Replied 31 July 2008
gift from relative is exempt. location of the relative is not important.
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 02 August 2008
Gift given by relatives is FULLY EXEMPT.
Jasveer Singh Kalsi
(CA)
(83 Points)
Replied 02 August 2008
Gift given by relatives up to Rs 50000/- is FULLY EXEMPT from tax..
bishan singh negi
(service)
(87 Points)
Replied 04 August 2008
| Originally posted by :Jasveer Singh Kalsi | ||
| " | Gift given by relatives up to Rs 50000/- is FULLY EXEMPT from tax.. | " |
YES GIFT GIVEN BY HUSBAND IS TOTALLY EXEMPTEED
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