suppose i dont have any income or property
one of my friend gifted me painting of 1.5 crore
suppose rate is 30%
i have to pay 45 lac tax under 56(2)(x)
but i dont have any income then how can i pay??
plz suggest
and under which section it covered??
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how can i pay tax??
Replies (5)
its just Income From Other Source
i know that... but i have not any income then how i can pay tax??? genuine hardship in paying tax... i dont have any income or property
that's irrelevant to department... by any means, you have to pay the tax
ok but i will not pay tax
then how they recover??
because i dont have anything
then how they recover??
because i dont have anything
they will attach your painting
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