Income tax on gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2012
Hi,
Let me know upto what value of money can be gifted by a partnership firm/company to its director on his marriage
Let me know upto what value of money can be gifted by a partnership firm/company to its director on his marriage
11 February 2012
It is better to give a gift of Rs. 5000/(Max.)- only, otherwise the director will require to pay tax on excess amount received from his employer.
.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Can we claim ITC in 28%
- Forgot to update debit note in gst
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Accounting Policies changes
- Credit note Issue reg
- Ca final exam registration may-26
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- ADDITIONAL PLACE OF BUSINESS DOCUMENTS
- Are You Looking For an Easy Academic Help?
- Wrongly goods delivered to other state
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
