Detailed Analysis- Gifts Taxation under IT Act

caushagarg , Last updated: 05 July 2014  
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Taxability of Gift under Income Tax Act, 1961 As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxation as applicable to donor ( Capital Gain ta

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caushagarg
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Category Income Tax   Report

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