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Salary2

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(Querist)
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?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
12 July 2012 Such gift shall be taxable under the head salary.
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CA MANISH SONI

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CA MANISH SONI (Expert)
12 July 2012 Yes this is taxable in salary head
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