Taxability Of Gift Received By Individual Or HUF

CA Rahul Mittal , Last updated: 20 July 2020  
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The common man is confused about what tax will be levied on taking gifts or whether there will be any tax applicability on giving gifts. In this article, we will discuss about tax applicability on gifts received by individual and HUF and try to remove confusion. Section 56(2) (x) deals with gifts

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CA Rahul Mittal
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Category Income Tax   Report

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