Gift Received from Employer
This query is : Resolved
05 March 2010
I will be getting gift by cheque of Rs.25000/- as token of appreciation, Just want to confirm whether it's taxable for me and do i have have to pay any tax for the same or not
Anticipating your kind reply for the same
Thanks,
Prashant Sawant
Anticipating your kind reply for the same
Thanks,
Prashant Sawant
05 March 2010
Yes, it will be taxable under the head "Salaries".
CA.Nikhil Gupta
(Expert)
05 March 2010
its taxable
CMA Ramesh Krishnan
(Expert)
05 March 2010
Agree.It is taxable under salaries
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