Gifft Tax
This query is : Resolved
10 September 2010
Gifft Tax act applicable in india or not & if it is applicable then what tax rate wil levied.
10 September 2010
Financial act 1998 had deleted gift tax act w.e.f.1.10.98. consequently, all gifts made on or after 1.10.98 are free from gift tax. Neither the donor nor the donee would have to pay any tax. Financial act 2004 has revived it partially, but it is in the form of donee-based income tax instead gift
https://www.tax4india.com/gift-tax-india/gift-tax-india.html
https://www.tax4india.com/gift-tax-india/gift-tax-india.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Purchase of property from NRI
- Query related to CA/CS/CMA Firm
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Value of Perquisite Sec.10 (10CC)
- How to pay tds on mhada property
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- GST APPLICABILITY TO DIAGNOSTIC
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Eway bill and e invoice for exempt and nill rated goods
- TDS short payment of Rs 120 — how to adjust in new TRACES
- Value of Perquisite Tax Borne by Employer
- Taxability and TDS treatment on Crypto futures
- Suggest proper Tax & TDS applicability on Crypto Futures
- Tax Demand of ₹4,650 for AY 2026-27
- ITR WITH 0 TURNOVER
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
