Regarding gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2016
SIR,
IF MY FATHER GIVE ME BY CHEQUE RS. 100000/- AS AN GIFT THAN RS.100000/- IS TAXABLE OR NOT AND I HAD INTRODUCED THE AMOUNT IN CAPITAL A/C OR NOT
SIR PLEASE HELP REGARDING THAT MATTER
THANKING YOU
IF MY FATHER GIVE ME BY CHEQUE RS. 100000/- AS AN GIFT THAN RS.100000/- IS TAXABLE OR NOT AND I HAD INTRODUCED THE AMOUNT IN CAPITAL A/C OR NOT
SIR PLEASE HELP REGARDING THAT MATTER
THANKING YOU
03 May 2016
Gift from father to son, being relatives not taxable as per section 56(2)(Vii).
03 May 2016
gift recd from relative not taxable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- GST Rate for Catering Services
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
