Queries about e-return & Gigt tax

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Prafulla D. Nakti (Querist)

07 July 2009 please forward me address of Banglore, which i have to forward my e-return AY 09-10

& what is change in Gift Tax in Uninon Budget 2009.

Ratan Sharma

Ratan Sharma (Expert)

07 July 2009 Log on to www.incometaxindia.gov.in for obtaining Banglore office address.
Gift tax has already abolished 2 years back. There is no question of change in Gift tax Act.
However F.M. has made certain amendments in section 56 as regards gift received for inadequate consideration with a margin of (+ -) 50,000/-. Gift in kind now become taxable as per the value adopted by the stamp duty authority.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)

07 July 2009 the Income Tax Department , CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka BY ORDINARY POST ONLY within thirty days after the date of transmitting the data electronically .

ITR-V sent by Speedpost, Registered Post or Courier will not be accepted. No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.

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