Gift
This query is : Resolved
Kapil Bhatia
(Querist)
17 April 2014
how much money can be given in cash as gift by son to mother. Please confirm it.
Treat it as most urgent
Treat it as most urgent
17 April 2014
Hi Kapil,
There is no tax on gift given to relative, it can be of any amount.
Regards,
Devanand
There is no tax on gift given to relative, it can be of any amount.
Regards,
Devanand
Rupesh Jain
(Expert)
17 April 2014
you can give the gift in cash and not include in hand of received but income tax officer not see the cash gift in good eye.
they always have doubt the cash .
so you can tfr through RTGS/NEFT or via Cheque. and also make gift deed for future.
they always have doubt the cash .
so you can tfr through RTGS/NEFT or via Cheque. and also make gift deed for future.
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