Gift in cash or in kind
This query is : Resolved
02 September 2009
what is the exemption limit for gift in both cases
in cash
and in kind?
in cash
and in kind?
02 September 2009
in cash 50000.00
in kind no limit
but financial budget 2009 has changed the provision, now if u transfered immovable assets than same will be covered under gift, but it is also exempted up to rs 50000.00
in kind no limit
but financial budget 2009 has changed the provision, now if u transfered immovable assets than same will be covered under gift, but it is also exempted up to rs 50000.00
02 September 2009
What if a co want to give Rs 10000 to it's employees in both cases
in cash
in kind ?
as now the FBT is not more applicable.
in cash
in kind ?
as now the FBT is not more applicable.
02 September 2009
gift provision is not applicable to company.
02 September 2009
so what would be the implication?
02 September 2009
so what would be the implication?
02 September 2009
income in the hands of employee
02 September 2009
That will be added to the income of the employee
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