Gift


This query is : Resolved 

(Querist)
26 July 2010 Father of Karta Can Give Gift.....to HUF .

is it exempt?

26 July 2010 upto 50000/- is exempted.

26 July 2010 AGREED, IT IS NOT COVERED IN DEFINATION OF RELATIVE, HENCE UPTO 50000 IS TAX FREE.


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