GIFT TAX ACT
This query is : Resolved
16 September 2008
wheather GIFT TAX is exist as on today?
if not how there is a GIFT TAX ACT appeared on INCOME TAX WEBSITE?
if not how there is a GIFT TAX ACT appeared on INCOME TAX WEBSITE?
16 September 2008
No, Gift Tax Act has been abolished a long back. Now, gifts are covered u/s 56 of the Income Tax Act.
17 September 2008
Gift tax Act was abolished long-back.
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