Expenses incurred by non relative person liable for gift tax

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....xpenses incurred by non relative person liable for gift tax<br> Query (Issue) Started By: - Vikas Aggarwal Dated:- 28-6-2012 Last Reply Date:- 12-7-2012 Income Tax<br>Got 2 Replies<br>Income Tax<br>D....

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....ear 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. whethe....

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....r 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. Regards CA....

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.... 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 incurring an expen....

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....diture 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 thanxs for clarification .....

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.... Regards Ca Vikas Aggarwal<br> Discussion Forum - Knowledge Sharing ....