Receipt without consideration (Gift) from Non-Relatives - A tool for tax planning

CA Preksha Choraria , Last updated: 28 September 2015 Share Follow on Google News

Any receipt without consideration or receipt with inadequate consideration from relatives (as defined under Income Tax Act) is not taxable. However, certain receipt without consideration or receipt with inadequate consideration even from non-relatives is not taxable. This can be very effectively use

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CA Preksha Choraria
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* Chartered Accountant *Experience in Direct, Indirect taxation, Company Audit, ROC Compliances, Trust, GST and Government GST and finalisationfor 6 years * Secured AIR 19 in CA Finals conducted by ICAI, November 2014 * Secured AIR 11 in CA IPCC conducted by ICAI, November 2011 * Secured 2 Rank in Gujarat, CA C .. Read more

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Receipt without consideration (Gift) from Non-Relatives - A tool for tax planning

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