banner_ad

Answer plz

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
18 November 2011 Good Morning Sir/Mam,
Can U Plz Tell Me That If We Will Give Gift To Anyone Than Will We Paid Tax. How Much Tax We Will Paid
Profile Image

CA VISHAL RANA,CS,B.Com,AMFI

Profile Image

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
18 November 2011 Rajeev if you gift anyone otherthan relative specified in sec 2(24)..gift whether in cash or kind will be taxable in the hands of gift reciever u/s 56(2)(vii)...but will not taxable in the hands of gift giver....so as per provisions of sec 56(2)(vii) gift will be exempt in your hands(gift giver)..
Profile Image

Guest

Profile Image

Guest (Querist)
18 November 2011 MEANS SIR I WILL NOT PAID TAX
Profile Image

CA VISHAL RANA,CS,B.Com,AMFI

Profile Image

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
18 November 2011 simply think rajeev you are not require to pay tax because you are not recieved anythink...you are only gift giver.....anythink gifted by you will be taxable in the hands of reciever as per provisons of sec 56(2)(vii)...if you are reciever than it will be taxable in the hands of you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details