EASYOFFICE

Gift reced

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 November 2014 ONE OF MY CLIENT HAS RECEIVED RUPEES 10 LAKHS IN CASH SPREAD OVER THEYEAR AS GIFT WHETHER IT IS TO BE REPORTED IN TAX AUDIT REPORT HE HAS ACCOUNTED SAME IN HIS CAPITAL ACCOUNT
PLEASE ADVISE ME IN THIS REGARD
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
24 November 2014 u havent mentioned from whom ur client recieved gifts.
Profile Image

PAI

Profile Image

PAI (Querist)
25 November 2014 FROM RELATAIVES I.E BROTHER MOTHER
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
25 November 2014 then they are not taxable as per sec 56(2)

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links