Delhi high court says 'gift of love' to Mayawati not taxable

Discussion in 'Politics & Society' started by Yusuf, Aug 3, 2011.

  1. Yusuf

    Yusuf GUARDIAN Administrator

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    The Delhi high court dismissed an appeal filed by I-T department challenging a tax tribunal order exempting from tax gifts received by Mayawati during the assessment year 2003-04.

    http://toi.in/XR8LIb

    So now all babas, dadas bhaiyas behenjis can use this gift of love route to amass wealth.

    Wonder if I too could do it to evade tax.
     
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  3. The Messiah

    The Messiah Bow Before Me! Elite Member

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    If its a loophole you can and it wouldn't be illegal either.
     

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