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A warning

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Assistant Manager-Service Tax
1733 Points Posted on 26 December 2012
This Status Has Been Updated To Inform You dat ....If You Receive Gift Of More ThanRs 50000 From Santa On Christmas Then Please Remember It Is Taxable Under Income Tax Act 1961.... :D :P
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On 26 December 2012 at 20:06 Report
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CA
2039 Points Posted on 26 December 2012
Hahahahaha !!!!!!!!!!! Thanks for warnings
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On 26 December 2012 at 20:56
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Believe!! Live your dreams!
33521 Points Posted on 26 December 2012

Even gift in Kind is also Taxable :P

303 Reply
On 26 December 2012 at 21:03
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Practising Company Secretary
12562 Points Posted on 27 December 2012

frown Didnt got anything from SANTA this year....so have escaped the tax liability.........wink

21 Reply
On 27 December 2012 at 10:47


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