Cash transaction response
nilesh mehta (1 Points)
17 February 2017nilesh mehta (1 Points)
17 February 2017
Mayank Ahuja
("Learner")
(586 Points)
Replied 17 February 2017
gift received on occasions(other than marriage) like birthday, anniversary, etc., will be charged to tax.
but if such person is relative then no taxability arise.
Mayank Ahuja
("Learner")
(586 Points)
Replied 17 February 2017
in other cases, Such amount should be upto 50k
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