Hello.....
My que. is What is the treatment when company receives gift from any other person????
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IF Company receives Gift Then what is the treatment?
Replies (3)
taxable...
exempt onlyin caseof individual or huf assessee is recepient
Thank You Kabir..............
Yes Gift concept only to Individual,HUF and not to Company if . it shall be taxable according to nature of income wise otherwise taxable under the head Other sources
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