RE:Gift Tax
by ravi rathi on Feb 06, 2008 06:04 PM Permalink
it is merged with income tax act itself.... liable for tax if the value of gift recieved during the yr exceeds 25000. exceptions such as gift on marriage gift from relatives applied....
Its a good compilation pf the check lists. Also if some one is trading into stocks, buying & selling equity & mutual funds, incurring profits and even losses, what certificates,statements are to be collected ? please let us know?
