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Gift Tax
by
Amit Sharma
on Feb 06, 2008 05:20 PM
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Does gift tax still exists in India?
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RE:Gift Tax
by
ravi rathi
on Feb 06, 2008 06:04 PM
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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....
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The above message is part of the Discussion Board:
http://specials.rediff.com/money/2008/feb/06tax1.htm
