Gift - income tax

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Manager - Genesis Tax Consultant
531 Points Posted on 15 July 2018

Dear Sir,

Jewel Gift given to son on the ocassion of his Marriage is Exempted? if yes what is the threshold limit? 

 

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On 15 July 2018 at 12:30 Report
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SEO Sai Gr. Hosp.
212441 Points Posted on 15 July 2018

Yes. [as per proviso II of sub-sec. 56(2)(x)(c) of IT act]

No limit.. It should be justifiable....

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On 15 July 2018 at 12:32
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Manager - Genesis Tax Consultant
531 Points Posted on 15 July 2018

Dear Sir,

Thank you so much for the information!!!

 

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On 15 July 2018 at 12:37
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SEO Sai Gr. Hosp.
212441 Points Posted on 15 July 2018

Most Welcome, Dear .......

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On 15 July 2018 at 12:48

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