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Tax Liability of Gifts received as Cash/Cheque from employer

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92 Points Posted on 23 January 2019
what are the provision of taxability of gifts received from the employer in cash/cheque or convertible into cash. ????
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On 23 January 2019 at 13:49 Report
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Coaching and Practice in Tax Audit Law
4429 Points Posted on 23 January 2019

If received on occasion of marriage then not taxable at all.

If received less than 50,000/- INR the not taxable or else fully taxable.

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On 23 January 2019 at 14:02
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92 Points Posted on 23 January 2019
my question was...if cash gifts received from the employer.......
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On 23 January 2019 at 14:04
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Coaching and Practice in Tax Audit Law
4429 Points Posted on 23 January 2019

My answer was for your question only.

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On 23 January 2019 at 14:07
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92 Points Posted on 23 January 2019
.My question was what is the tax liability of cash gifts received from my employer.....as a perquisites....
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On 23 January 2019 at 14:09
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1020 Points Posted on 23 January 2019
gift received in kinds up-to rs 5,000 p. a. is not taxable .in excess of rs 5,000 (gift in kind) is taxable

were as cash gift / cheque gift is taxable without any ceiling limit
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On 23 January 2019 at 14:09
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92 Points Posted on 23 January 2019
thanks to everyone....for the replies
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On 23 January 2019 at 14:12


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