Queries about e-return & Gigt tax

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Prafulla D. Nakti (Querist)
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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)
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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)
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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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