Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2012
Is gift (sum of money)given by the father to his married daughter is eligible for exemption u/s 56 of Income Tax Act, i.e is married daughter a relative?
18 June 2012
Yes, She is a relative of the father as there is no provision regarding married or unmarried.
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