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TMI BlogExpenses incurred by non relative person liable for gift taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir/Madm, Please help me in the following issues, A person incurred foreign travel expense of Rs.5,00,000/- in fy 2006-2007on behalf of our girlfreind, the same amount was not reimbursed. whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ther the expense incurred by person on behalf of our girlfreind to be treated as gift liable for income tax U/ S 56. What is the position if the above expense was incurred in FY 2009-2010. Rega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds CA Vikas Aggarwal +91-8800549233 - Reply By Surender Gupta - The Reply = The true aspect to be seen is that whether that lucky girlfriend is receiving anything or not. In my view, mere incu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rring an expenditure on foreign tour the girlfriend would not put the transaction within the mischief of section 56 before or after 2009-10 - Reply By Vikas Aggarwal - The Reply = Very very tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nxs for clarification . Regards Ca Vikas Aggarwal - Expenses incurred by non relative person liable for gift tax - Query Started By: - Vikas Aggarwal Dated:- 28-6-2012 Income Tax - Got 2 Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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