Taxability of gifts
This query is : Resolved
13 January 2013
if someone has rec. Rs.6000 from his employer as a gift then what will be the taxable amt., will it be Rs.1000 or Rs6000
13 January 2013
Rs 6000 is taxable.
.
.
Message likes :
1 times
15 January 2013
but as i have seen circular 15/2001, it says taxable amt. would be amt exceeding Rs.5000 so i'm confused
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