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??
Menu
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
Recent Topics :
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
- ITR FORM FILING REGARDS
Related Topics :
CAclubindia
