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INTERVIEW QUESTIONS
TAX
GIFT TAX
DETAILS
Question: Is a Gift received from an educational institution or a hospital require one to pay income tax on the Gift?
Answer: Gifts received from a fund, foundation, university or other educational institutions, hospitals, or any trust of institution defined in Section 10(23C) of the Income Tax Act, 1961.
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Gift Tax Interview Questions & Answers -
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Question:
Is a Gift received from an educational institution or a hospital require one to pay income tax on the Gift?
Answer:
Gifts received from a fund, foundation, university or other educational institutions, hospitals, or any trust of institution defined in Section 10(23C) of the Income Tax Act, 1961. Source: CoolInterview.com
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