Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2012
if any person received money from a person who working in abroad then it will be treated as gift???? and is there any exemption to the receiving person, not to pay tax??????
12 January 2012
If gift is received from a relative staying abroad, amount received is exempt from tax.
.
Total gifts amounting to Rs. 50000/- only can be taken from non-relatives during a FY.
If the total gift amount exceeds 50000/ no exemption is available.
.
Total gifts amounting to Rs. 50000/- only can be taken from non-relatives during a FY.
If the total gift amount exceeds 50000/ no exemption is available.
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
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Can we claim ITC in 28%
- Wrongly goods delivered to other state
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Ca final exam registration may-26
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
