Salary2
This query is : Resolved
11 July 2012
if there is employer employee relationship between two persons and the employer grants a gift to his employee on his birthday or some special occasion exceeding the amt of Rs 1 lac then whether it will taxable under the head "salary" or the under the head "gifts" under section 56 ?
so i would like to contemplate on the TOPIC GIFT Vs SALARY?
so i would like to contemplate on the TOPIC GIFT Vs SALARY?
12 July 2012
Such gift shall be taxable under the head salary.
CA MANISH SONI
(Expert)
12 July 2012
Yes this is taxable in salary head
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