Gift of car received from non relative
bharath chandra (1 Points)
17 December 2020
can i assume that as car is not defined in property so not taxable under income tax act?
2 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 17 December 2020
Yes because you did not use company money. However, gift tax might be applicable pls check that out.
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