Tuesday, 18 March 2014

Is income tax levied on gifts received by a person?

  1. Is income tax levied on gifts received by a person?
Gift exceeding Rs 25,000 is taxable unless it is received from
7        any person who is a relative or
7        on occasion of marriage or
7        under will or by inheritance or

in contemplation of death of the payer

Post a Comment

 
Copyright © 2014 Taxation4u | Disclimer