Is gift received in other than blood relation taxable. If yes then where is it shown in ITR 4. Please send the schedule name.
Saurabh Aggarwal (Chartered Accountant) (371 Points)
25 March 2009Is gift received in other than blood relation taxable. If yes then where is it shown in ITR 4. Please send the schedule name.
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 25 March 2009
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 25 March 2009
Yes, I agreed with Mr Rajesh Kumar
. List of specified person is mentioned U/s 56 (v)
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