Gift u/s 56(2)

Rahul Poddar , Last updated: 19 May 2010 Share Follow on Google News

TAX TREATMENTS ON GIFT The amendment of Sec 56(2) of the income tax act has intensely changed the scenario of the tax treatment of gifts received by an assessee. The amended provision states that Where any sum of money exceeding Rs.50000 (gift in cash or cheque or draft) in

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About the Author

Rahul Poddar

CHARTERED ACCOUNTANTS

Hello! This is RAHUL PODDAR a qualified chartered accountants situated in kolkata. While browsing my profile you will see my several contributions , please use it and if you have any query or suggesion , do communicate it to me. RAHUL PODDAR 44/1,SIR HARIRAM GOENKA STREET, KOLKATA 700007 M 9830714436

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