INTERVIEW QUESTIONS TAX GIFT TAX DETAILS

Question: Are there Exemptions to the Income Tax Liability of Gifts Received?

Answer: Gifts Received from Relatives, or on the occasion of marriage, or under will or by way of inheritance, or in contemplation of death, or those received from a local authority are exempt from tax.

Gifts Received from Relatives, or on the occasion of marriage, or under will or by way of inheritance, or in contemplation of death, or those received from a local authority are exempt from tax. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

• There should not be any Spelling Mistakes.
• There should not be any Gramatical Errors.
• Answers must not contain any bad words.
• Answers should not be the repeat of same answer, already approved.
• Answer should be complete in itself.

Name :*
Email Id :*
Answer :*
Verification Code	Not readable? Load New Code
Enter the above shown code: *
	Inform me about updated answers to this question