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Gift received from employer

gift received by employee from employer of the value exceeding â?¹5000 is taxed as perquisite under the head salary. If gift exceeds â?¹5000, whether whole amount is taxable or value in excess of â?¹5000 is taxable??


Nagesh S Hegde

Nagesh S Hegde

CA Inter

11K+

06-Apr-21 12:34

37

Answers (2)

If gift value is in excess of Rs.5,000 then full value is taxable as perquisite


sudha reddy

sudha reddy

Moderator

06-Apr-21 12:58

If gift value is in excess of Rs.5,000 then full value is taxable as perquisite

Ok...thank you


Nagesh S Hegde

Nagesh S Hegde

CA Inter

11K+

06-Apr-21 13:02