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Gift

This query is : Resolved 
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(Querist)
29 January 2011
If i pay a particular amount as a gift to one of my relative, can that be deducted from my total income while computing taxable income.

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Prashant
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Ravikant

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Ravikant (Expert)
29 January 2011 It will not be considered as taxable in case of the receiver of gift,
You will not be allowed any benefit under the Act.
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Guest

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Guest (Expert)
29 January 2011 No it will not be deducted.
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