Gift (Receipt without Consideration) to Persons other than Individuals & Hindu Undivided Family

CA Preksha Choraria , Last updated: 12 September 2015
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*What is Gift? In Laymans language, gift is transfer of goods or property (movable or immovable) from one person to another without consideration. As per Income Tax Act, Receipt without consideration or Receipt with inadequate consideration, by individuals and Hindu Undivided Family is chargeable

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Published by

CA Preksha Choraria
(CA-Practicing)
Category Income Tax Report

Gift (Receipt without Consideration) to Persons other than Individuals & Hindu Undivided Family

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