gift tax
This query is : Resolved
jayant singh kalra
(Querist)
22 December 2010
gift given over 50000 is disallowed but what are its concequence & how tax will be applied
CA Ayush Agarwal
(Expert)
22 December 2010
no disallowance.its taxable.......
tax as per normal provision.....since gift tax is withdrawn
tax as per normal provision.....since gift tax is withdrawn
jayant singh kalra
(Querist)
22 December 2010
u mean only income tax at normal slab would b applicble
jayant singh kalra
(Querist)
22 December 2010
u mean only income tax at normal slab would b applicble
CA Sanat Pyne
(Expert)
31 December 2010
YES.
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