Easy Office
LCI Learning

Gift in cash or in kind

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 September 2009 what is the exemption limit for gift in both cases
in cash
and in kind?
Profile Image

Nischint Kumar Somani

Profile Image

Nischint Kumar Somani (Expert)
02 September 2009 in cash 50000.00

in kind no limit
but financial budget 2009 has changed the provision, now if u transfered immovable assets than same will be covered under gift, but it is also exempted up to rs 50000.00
Profile Image

Bipin.M.Patel

Profile Image

Bipin.M.Patel (Querist)
02 September 2009 What if a co want to give Rs 10000 to it's employees in both cases
in cash
in kind ?

as now the FBT is not more applicable.



Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
02 September 2009 gift provision is not applicable to company.
Profile Image

Bipin.M.Patel

Profile Image

Bipin.M.Patel (Querist)
02 September 2009 so what would be the implication?
Profile Image

Bipin.M.Patel

Profile Image

Bipin.M.Patel (Querist)
02 September 2009 so what would be the implication?
Profile Image

Late CA Sampat Jain

Profile Image

Late CA Sampat Jain (Expert)
02 September 2009 income in the hands of employee
Profile Image

CA Suresh Choudhary

Profile Image

CA Suresh Choudhary (Expert)
02 September 2009 That will be added to the income of the employee




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links