Receipt of gift on birth day occasion
This query is : Resolved
18 January 2013
IF GIFT AMT ON B'DAY IS RS. 10, 000/-
WHAT AMT WOULD BE TAXABLE ?
ENTIRE AMT / RS. 5000/- ?
IF GIFT AMT ON B'DAY IS RS. 10, 000/-
WHAT AMT WOULD BE TAXABLE ?
ENTIRE AMT / RS. 5000/- ?
18 January 2013
full amt is taxable, if it is not received from relative.
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18 January 2013
if it is received from the employer,thn
what amt would be taxable?
what amt would be taxable?
18 January 2013
if received in kind then only Rs. 5000/- in your case. and if in cash then full amt. is taxable.
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