Gift received by an individual in certain circumstances is not taxable, one of them is:

Related MCQs

• As per section 115BBDA dividend from Indian companies is taxable in the hands of certain recipients at _______ when the aggregate dividend exceeds _______.
• An individual purchased a painting on 01-11-2017 for Rs. 5,00,000 though fair market value of the asset is `5,25,000. Income taxable u/s 56(2)(x) is:
• Gift of a capital asset is not considered as transfer, however exception is:
• Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
• In case of an individual or HUF, to determine whether certain TDS provisions are attracted, what has to be seen is whether the person is subject to tax audit under section 44AB in
• One of the following receipt is taxable under the head ‘Income from Other Sources’:
• Which of the following is not taxable under head ‘Salaries’?
• An individual estimates that he is required to pay Rs. 1,00,000 as advance tax. By 15th of December, how much amount must be paid by the individual?
• A winning from lotteries is Rs. 50,000 and expenses incurred to earn such income is Rs. 5,000. Its taxable income is
• Net salary after deducting tax at source Rs. 10,000 is Rs. 2,50,000 .The amount of taxable salary is: