Hi,
Gift received from non-relatives or friends from abroad in foriegn currency is taxable in the hands of receipient or not?
Thanking in advance
Regards,
Ajith Kumar Rai
Ajith Kumar Rai (C A Final Student) (115 Points)
11 February 2010Hi,
Gift received from non-relatives or friends from abroad in foriegn currency is taxable in the hands of receipient or not?
Thanking in advance
Regards,
Ajith Kumar Rai
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 11 February 2010
Tell me the reason for it being non-taxable first....
C.Balaji
(Learner)
(1867 Points)
Replied 11 February 2010
agree with dhiraj...
taxable in the hands of receipient....i think i'm correct if wrong clarify me...
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)