Gift
This query is : Resolved
Kunal Verasinghani
(Querist)
23 April 2014
IF I Want to Give Gift 15 LAC to my Sister. And it is exempt under IT act. RIGHT.?
Does the Mode of Transfer creates any problem..?
I mean Can i transfer the whole amount through net banking or i should give her number of cheques..?
Does the Mode of Transfer creates any problem..?
I mean Can i transfer the whole amount through net banking or i should give her number of cheques..?
Nikhil Kaushik
(Expert)
23 April 2014
yes it is exempt...the mode doesn't make any difference.
Rupesh Jain
(Expert)
24 April 2014
gist is exempted, mode of tfr is also right. but one more thing you can do
pls make gift deed for that gift . it useful for both.
pls make gift deed for that gift . it useful for both.
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