Tag Archives: non-cash gifts

Income Tax for non-cash gifts effective from October 1, 2009

November 30, 2009

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You have to pay the tax for the gifts received, if it is from the non-relatives. There is no tax if the gift is given by the relative. The following section will explain the clear meaning of relatives in the Income Tax perception. Also there is no tax if the gifts are in any kind [...]

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