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Person received the gift this person is taxable or not. If It is taxable then which law (act)is aplicable and under section.....

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Person received the gift this person is taxable or not. If It is taxable then which law (act)is apli..

Answer / guest

income tax act

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Person received the gift this person is taxable or not. If It is taxable then which law (act)is apli..

Answer / rajsekharpati

income tax act . but if you received gift from your relative, it is not taxable

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I have two sons & 10lacs money which is from my arrear how I can save more tax ?.......Can I give them gift 5lakh each which neither taxable for my son nor for me...........?

2 Answers  


What is the time limit for Payment of VAT Payable and Filling Return?

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