DEAR SIR/S,
I HAVE TAKEN AN AMOUNT OF RS.5,00,000/- IN CASH FROM FATHER AS GIFT IN THE YEAR 2006. IS IT TAXABLE UNDER GIFT TAX OR ANY OTHER LAW? MY FATHER IS RETIRED STATE GOVT.EMPLOYEE AND OUT OF RETIREMENT BENIFITS HE HAS GIVEN THE MONEY. AND MY SELF AND MY FATHER IS NOT THE INCOME TAX ASSESSEE. KINDLY LET ME KNOW TAXABLE OR NOT WITH SECTIONS.
THANKS TO ONE ALL...PLEASE GIVE ME QUCIK REPLY.
Ref this link
www.simpletaxindia.org/2007/09/got-gift-from-relative-no-tax-on-it.html
| Originally posted by :Balasubramanya | ||
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Ref this link dear sir, thanku and what is score card? because iam new to this forum. prabhakar
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Scorecard nothing but your points, if you post anything in forum of in file section article or in news section you will get points, see in main page you have score card which you can see how much points for what.. You will come to know......................
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