Menu
gift from Bhatija to Chacha and vice versa
pl advise Gift from Bhatija to Chacha (uncle) and vice versa is taxable under income tax act
Replies (2)
Gift received by bhatija from chacha is tax-exempt; but not vice-versa.......
Gift received by Bhatija is exempted as they are relative u/s 56(2)(vii).
chacha cannot receive gift from bhatija. It will be taxable.
Recent Threads
- Intraday trading under presumptive
- Itc04 rorm date error
- Acknowledgment No. and date to be mentioned in rev
- Interest On Enhanced Compensation u/s 28 of Land a
- Wrong Place of supply mentioned by supplier on inv
- Itr for presumptive taxation and foreign asset
- BOE not reflacting on IDPMS
- TDS On Property - Income Tax Notice
- High Value Transaction - FY 24-25
- ITR e-verified but not under processing for 5 mont
Related Threads
CAclubindia
