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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.....

Answers were Sorted based on User's Feedback



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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More Taxation Interview Questions

what is mean by security transaction tax? it considers how during profit calculation of shares trading.

11 Answers   Eastman Chemical, ICICI, Wipro,


I'm collecting TDS Certificate from one of our Customer for Ass. Year 2002-03 today and request IT Dept. to allow this as part of rebate to me, will they allow?? What IT Act says on this.

3 Answers   Voltas,


If we purchase Inter -state any Plant & Machinery for Works contract for completion of a Project and later after completion of the same if we move that material to other State , Can we get "C" form against this material where we have purchased it. Is there any Notification regarding the same . In which circumstances a Works contractor can get "C" Form ? If against "C" Form a works contractor purchased the material and passed on the material via Works contract to the client whetheer Local VAt rate is also applicable on the same .

1 Answers   Tribeni Constructions Ltd,


please explain me brifly procedure of monthly tds filling

3 Answers  


what is TDS

4 Answers  


What is proposed GST's impact on Government Revenue? What is the proposed Tax rate? What is the proposed Tax Structure (Central GST and State GST) ? Whether it is good/bad to Govt./Consumers/manufacturers?

3 Answers   L&T, RTU,


tds percentage on advertisement add agency

3 Answers  


Dear friends, How can we get refund of WCT?

1 Answers  


as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com

0 Answers  


how to file returne?

0 Answers   Banking,


Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

0 Answers   Wipro,


IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.

0 Answers  


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