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Sec.56

Direct Taxation

GIft Exemption limit in cash/kind is 50000/year is aggregate or persons to persons?


Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

09-Jul-21 20:11

336

Answers (9)

Best Answer

Cash gift - Aggregate money exceeds Rs. 50000 Movable property - Aggregate value exceeds Rs. 50000 Immovable property - then per property SDV exceeds Rs. 50000


Yoga Vishnu

Yoga Vishnu

CA Final

11K+

10-Jul-21 18:14

I think Person to person


Surya Prakash

Surya Prakash

CA Final

14K+

09-Jul-21 21:36

Ok.


Thread Starter

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

09-Jul-21 21:40

Thanks Bhai


Thread Starter

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

09-Jul-21 21:40

I guess it's aggregate


Harshita Kedia

Harshita Kedia

CA Inter

4K+

09-Jul-21 22:13

I think both. Property in aggregate & cash in person to persons.


Thread Starter

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

09-Jul-21 22:23

Abhishek Purohit

Here

Yes, Ji. But for the property have some other points.


Thread Starter

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

09-Jul-21 23:06

Yoga Vishnu Ji?


Thread Starter

Balamurali Unnithan M S

Balamurali Unnithan M S

CA Inter

3K+

10-Jul-21 09:41

MCQs Now