Give one example of an income that is not tax?

Question: Give one example of an income that is not tax?

One example of an income that is not tax is a gift. A gift is a voluntary transfer of money or property from one person to another without any expectation of compensation or benefit. Gifts are generally not subject to income tax, unless they exceed a certain amount or are given under certain conditions. However, gifts may be subject to other taxes, such as gift tax or estate tax, depending on the value and source of the gift.

Disclaimer

All information provided on this site is generated by artificial intelligence. If you find any content objectionable or have concerns about the information provided, please feel free to comment or contact us directly.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.