Child saving
This query is : Resolved
16 November 2016
my daughter is going to 2 year on this 19th.she has 90 thousand in her piggy bank.on her first b-day she received cash from our relative approx 50k.after that mine family member decided to deposit some cash weekly in her bank and when it converted in one lac we will do fd of it.now problem is that around 80 thousand is in 500 n 1000 rs note.is these money is count in my income or in her income
16 November 2016
This is gift amount exempted from tax and count only in her income.
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