Taxablity of Gift received from aboard from non-relatives

Tax queries 437 views 2 replies

Hi,

Gift received from non-relatives or friends from abroad in foriegn currency is taxable in the hands of receipient or not?

 

Thanking in advance

 

Regards,

Ajith Kumar Rai

Replies (2)

Tell me the reason for it being non-taxable first....

agree with dhiraj...

taxable in the hands of receipient....i think i'm correct if wrong clarify me...


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