Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Service Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

Gift taxability, Service Tax

Issue Id: - 716
Dated: 27-3-2008
By:- OM PRAKASH

Gift taxability


  • Contents

can an individual take gift of any amount from NRE a/c of a person residing outside india? or covered under the limit of Rs. 50000 where there is no blood relation

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 9-4-2008
By:- D Gupta

There is no bar for receiving gift from NRE account of a person residing outside India under Income Tax Act. However, under the provisions of section 56, the same should also meed the conditions for escaping income tax


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates