Gift
This query is : Resolved
kartik kumar panda
(Querist)
19 May 2016
I have donate Rs 50000/- as a gift in cash to my sister , can i tax exemption under which section and how to show while filling ITR-1 Return please suggest
Amol S Joglekar
(Expert)
19 May 2016
no any exemption per se for GIFT. In ITR you dont have to write anything to that effect.
Rupesh Jain
(Expert)
19 May 2016
ITS EXEMPT FOR your sister, you have nothing to do.
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Import of Capital Machine
- Gift to nri relatives resides in usa
- ARCA LOGIN
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Rent agreement of House of deceased person
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
