CA Inter doubt
false
Can any one plz clear IFOS money receive 50000 allowed Money receive 5000 allow in aggregate
Asked by Swati20 Jul 2025530 views
1 answer
Om · 20 Jul 2025
IFOS >50, 000 in aggregate TAXABLE in the hands of assessee sec56(2)(x) and >5,000 received as a gift from employer to employee toh exempt but in excess hai toh excess amount taxable ho sakta hai or whole amount bhi taxable ho sakta hai in the Head of "Salaries " Sec 17(3)(iii)...
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