gift
This query is : Resolved
kaushal vijaywargiya
(Querist)
10 December 2010
sir
pls tell me that i can give maximum exempted limit of gift given in cash to relative
pls tell me that i can give maximum exempted limit of gift given in cash to relative
CA Kalpesh Gokani
(Expert)
10 December 2010
gift given in cash to relative is fully exempt in the hends of receipient without any limit.
kaushal vijaywargiya
(Querist)
10 December 2010
SIR
THANKS FOR THIS BUT I WANT TO KNOW THAT ANY DOCUMENT IS REQUIRED FOR CASH GIVING IN GIFT
THANKS FOR THIS BUT I WANT TO KNOW THAT ANY DOCUMENT IS REQUIRED FOR CASH GIVING IN GIFT
Nikhil Kothari
(Expert)
11 December 2010
Cash gift to the relatives in the hand of recipients is fully exempt.
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