GIFT TAX

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  1. KVSN OTESWARI

    KVSN OTESWARI New Member

    When I have to pay gift tax received in June 2016
     
  2. ZED

    ZED Well-Known Member

    There is no gift tax now. The gift received is treated as income u/s 56(2)(vii) of the Income Tax Act. The provisions of Advance tax are applicable.


    Kindly share more details.
     
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