banner_ad

Gift

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

Amol S Joglekar

Profile Image

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.
Profile Image

Rupesh Jain

Profile Image

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

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details