gift tax

This query is : Resolved 

22 December 2010 gift given over 50000 is disallowed but what are its concequence & how tax will be applied

22 December 2010 no disallowance.its taxable.......

tax as per normal provision.....since gift tax is withdrawn

22 December 2010 u mean only income tax at normal slab would b applicble

22 December 2010 u mean only income tax at normal slab would b applicble

31 December 2010 YES.


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