Gift
This query is : Resolved
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
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.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- TDS on property - Form 141 query
- Type of Capital Gain
- Gst on travel by air for business purposes
- Taxability of credit in canara bank ET & T section (NRO)
- Loss of interest in PF transfer from EPFO to Trust
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Residential status of non resident
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
