Gift
This query is : Resolved
16 March 2017
Hi,
1.My Question is Indivdual is A/c Transfer Rs. 15 Lakh to her spouse as a gift. what is Tax liabilties in both??
Son Gifted Money through A/c Transfer. what is tax libitiles in both??
1.My Question is Indivdual is A/c Transfer Rs. 15 Lakh to her spouse as a gift. what is Tax liabilties in both??
Son Gifted Money through A/c Transfer. what is tax libitiles in both??
16 March 2017
Both transfers are exempted from tax. Income on such gift from spouse will be clubbed in the hands of the spouse who made the gift.
Message likes :
1 times
16 March 2017
Thanks For Giving reply.
Sir one more question Gift deed is mandantory
for Receipient
Sir one more question Gift deed is mandantory
for Receipient
16 March 2017
For such bank transfer not mandatory.
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
- TWO FIRM NAME IN ONE GST NUMBER
- Section 54 f disallowed will be taxed at what rate
- ITR -1 Filing
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Form 16 Issues
- SEA GOING ALLOWANCE
- Transfer of rectification rights to ao
- Which ITR application
- Trust 10AB form required for old asst. years?
- TDS whether applicable or not in case of Flat purchase
- Igst utilisation query
- Section 12A(1)AC
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- Credit note for cycle round
Trending Online Classes
CAclubindia
