Free taxable gift

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 September 2012 is it taxable if more than 50000.00 gift is given from
1.HUF to it's members
2.Individual to HUF
3.Individual to his parents.
kindly let me know how much can be gifted?

04 September 2012 1. Taxable (Can Take Exemption u/s 10(2)as Share of Profit Distributed
2. Exempted
3. exempted


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query