INCOME FROM OTHER SOURCES
This query is : Resolved
24 March 2009
IF H.U.F RECEIVE GIFT FROM KARTA'S BROTHER IS IT TAXABLE? RELATIVE DEFINITION SHOULD BE VIEWED FROM KARTAS POINT
24 March 2009
yes it is taxable...
refer
http://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/section56.htm
refer
http://law.incometaxindia.gov.in/TaxmannDit/DispCitation/ShowCit.aspx?fn=http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/section56.htm
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