banner_ad

Perquisites

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 March 2012 Dear Sir,
plz tel me the taxable perq. value of GIFT IN KIND,
THE exemption is Rs.5000.
so taxability is amt exceeding Rs5000, or
if amt exceeds 5000 then whole amt of gift is taxable....?
Profile Image

Lekh Sood

Profile Image

Lekh Sood (Expert)
29 March 2012 Hello,

Value of gift less RS.5000/- is taxable.For example value of the gift is Rs. 8000/- then Rs.3000/- will be taxable.

Lekh Sood
Profile Image

Pankaj

Profile Image

Pankaj (Querist)
29 March 2012 thank u sir......:)
but in our study material it is given that if amt exceeds Rs.5000, den it is fully taxable.....as per ur example Rs.8000 is taxable?????
Profile Image

Lekh Sood

Profile Image

Lekh Sood (Expert)
30 March 2012 Hi,

Please refer CBDT circular no.15 of 2001.
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 April 2012 Experts have given proper reply to your query and I agree with them
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details