Taxability as gift
This query is : Resolved
05 May 2014
Dear Experts,
My client has received Rs. 500000/= as donation/Gift from 100 persons each giving Rs. 5000/=.
What will be the tax implications regarding the gifted amount.
Thanks
My client has received Rs. 500000/= as donation/Gift from 100 persons each giving Rs. 5000/=.
What will be the tax implications regarding the gifted amount.
Thanks
05 May 2014
It will b fully taxable if received from other than relatives.
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