Gift in out of blood relation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2016
Dear sir,
mr. x has given gift of rs. 1 Lakh other than blood relation
which is taxable but i want to know in whose hand this gift will be taxable
weather in the hand of mr. x or in the hand of gift receiver,
regard
sohan lal
mr. x has given gift of rs. 1 Lakh other than blood relation
which is taxable but i want to know in whose hand this gift will be taxable
weather in the hand of mr. x or in the hand of gift receiver,
regard
sohan lal
04 May 2016
It is taxable in the hands of receiver.
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
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- TDS AND ITR ISSUE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
