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Gift tax exceeding 50,000 is taxable, in the hands of recipient as "income from other sources", under the new law.
What is the solution for this ?
If you calculate the fund, it goes to crores of rupees, which Railway is wrongfully held from citizens.
and the money is getting blocked, for which neither Railway nor the Online Ticket Booking Company is giving any compensation.
Now, my question is that, lakhs of people are getting harassed regularly in this way(the term used “transaction failure”)
Asking for the return, the beneficiary company will reply that the fund will be returned by 7 days or so
Finding the fact, you will find, the ticket originally not generated, while the money is transferred to the beneficiary account.
In Online Rail Reservation, while payment processing thru payment gateway, often payment deducted from bank a/c but the ticket not generated