GIFT TAX

Share
Share This Thread
  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.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Gift to major child Income Tax Jan 28, 2018
GIFT TO MAJOR DAUGHTER Income Tax Jan 24, 2018
Investment of property received as gift Income Tax Jan 16, 2018
GIFT TO HUF ACCOUNT Income Tax Jan 8, 2018
Query on gift Income Tax Jan 7, 2018