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Gift to married daughter

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2015 Dear sir
My client has given Rs. 100000 cash as a gift to his married daughter, plz clarify weather this gift will be exempt in the hand of both of them or not...

Regard
Mohan sinha
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 November 2015 Yes it will be exempt in the hands of both of them.

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