Exemption in forein gift in cash
This query is : Resolved
10 January 2014
sir ,i got 1lakhs rupees from usa as a diwali gift to my client .than how much i pay tax on this gift .its come in tax slab .
11 January 2014
Hi
Whole amount received by you is taxable under Income from other sources.
Thanks
Whole amount received by you is taxable under Income from other sources.
Thanks
17 April 2014
this is consider your business income.
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