Cash or cheque gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2014
1.PARENT GIFT TO MINOR CHILD OF RS. 3 LAKHS IN CASH OR CHEQUE. IS IT TAXABLE?
2.HUSBAND GIFT TO WIFE RS. 3 LAKHS IN CASH OR CHEQUE IS IT TAXABLE & WHAT SECTION IS IT TREATABLE?
THANKS IN ADVANCE....
2.HUSBAND GIFT TO WIFE RS. 3 LAKHS IN CASH OR CHEQUE IS IT TAXABLE & WHAT SECTION IS IT TREATABLE?
THANKS IN ADVANCE....
09 February 2014
gifts to relatives dont result in any additional taxability. however in both the cases, the income from the such gift shall be clubbed with the giver's income.
13 February 2014
1. not taxable u/s 56(2).
2. not taaxble.
2. not taaxble.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Merchant Export Accounting
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
