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Answer: Any gifts, whether monetary or non-monetary which becomes chargeable due to crossing threshold & other conditions, are added as other income of the assessee under the head “income from other sources”, and are added to other taxable income of the assessee and normal tax rate as per the applicable slabs will apply to the gift income as well.
Date Posted 29-Dec-2019
Posted By Kumar Prakash
Views: 1180
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
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Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
Up to when we can expect the new Income tax forms for FY 2019-20.
Date Posted 26-Apr-2020
Comment / Read More
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