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GIFT

This query is : Resolved 
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(Querist)
26 May 2009 Can an Individual Lady Gift Amount of Rs. 1.00 Lac each to her Grand Grand son. ?
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taxindiaconnect

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taxindiaconnect (Expert)
28 May 2009 Yes No bar on this if the gift is out of natural love and affection and is from the earings offered to tax. A gift deed will be an added advantage.
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