Found money

if any one leaves his money at temple like shirdi sai without informing about him ,or any person found money no one may be for that money come to take. is there money taxable ? under what provision ? which section??

Replies (1)

Taxable u/s 56(2) as gifts under the head other sources if total gifts received is in excess of Rs. 50,000.

Thanks

https://taxbykk.blogspot.com

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