what is a gifting activity?

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what is a gifting activity?

2006-09-09 18:44:30 · 2 answers · asked by gstanley12@ameritech.net 1 in Business & Finance ➔ Investing

2 answers

I would think the act of giving someone something or sending someone a gift.

2006-09-09 19:02:32 · answer #1 · answered by discount wholesales 3 · 0⤊ 0⤋

Gifting for tax purpose is the act of giving an item of value or cash to an organization or person free of any remuneration from them, providing that the amount or value is within the gifting limitations of tax law. Any thing over the limitation is taxable to whomever receives it.

2006-09-10 02:55:11 · answer #2 · answered by FOZ 4 · 0⤊ 0⤋