Rate of tax on gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2014
Experts,
What is the rate of Income Tax on Gift received from person other than relative ?
Thanks.
What is the rate of Income Tax on Gift received from person other than relative ?
Thanks.
13 September 2014
Other than relative. Exempted upto Rs 50000/-. There is no special rate for gift. It is taxed as per applicable slab.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2014
Ok thank you expert...
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