Gift from company
This query is : Resolved
04 November 2011
What is the taxability in the hands of shareholders of gifts recieved from a company.
Is it treated as capital receipt. If so why
Is it treated as capital receipt. If so why
04 November 2011
Well the treatment of Gift has been given under section 56 and the same shall be liable for the tax under the act if it qualifies the list of asset given under the section
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