Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2011
Can mother give gift to his son as per income tax act......pls suggenst me
05 July 2011
Yes and the same is exempted from Income Tax.
No Tax Liability just make a gift deed for records.
No Tax Liability just make a gift deed for records.
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