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?
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.
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