Gift tax calculation
This query is : Resolved
naresh kumar
(Querist)
20 August 2011
Dear Sir,
our firm(proprietorship) has received a gift of rs.5400.00 from non relative .
can you tell me how much tax has to be paid.
Please tell me also the method of calculation
our firm(proprietorship) has received a gift of rs.5400.00 from non relative .
can you tell me how much tax has to be paid.
Please tell me also the method of calculation
Aditya Maheshwari
(Expert)
20 August 2011
gift below Rs. 50000/- is not taxable.
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