Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2013
1.If a person gives a gift of RS.50,000 to his spouse, whether it is taxable in the hands of giver or not?
2. In the above question, if he gives a gift of more than Rs. 50,000 then it is taxable in the hands of giver or not?
3. If a father gives a land to his son as gift whether it is taxable in the hands of father?
4. If a relative gives a gift to a person of Rs.5o,ooo on account of his marriage whether it is taxable in the hands of giver?
5. Same as question.4 but gift given by a friend then it is taxable in the hands of friend or not?
2. In the above question, if he gives a gift of more than Rs. 50,000 then it is taxable in the hands of giver or not?
3. If a father gives a land to his son as gift whether it is taxable in the hands of father?
4. If a relative gives a gift to a person of Rs.5o,ooo on account of his marriage whether it is taxable in the hands of giver?
5. Same as question.4 but gift given by a friend then it is taxable in the hands of friend or not?
23 February 2013
Hi,
Gift in cash or kind received from relative is tax free.
Any gift received from non relative on occasion of Marriage is also not taxable.
Thanks!!
Gift in cash or kind received from relative is tax free.
Any gift received from non relative on occasion of Marriage is also not taxable.
Thanks!!
Guest
Guest
(Expert)
23 February 2013
NO,,
IN ALL CASES, GIFT WILL NOT BE TAXABLE
IN ALL CASES, GIFT WILL NOT BE TAXABLE
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
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Specified Profession
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
