Gift
This query is : Resolved
CA SOURAV BAGLA
(Querist)
21 September 2011
Cash gift of more than Rs. 50000 in any Asst. Year given by father-in-law to his daughter-in-law. What its Tax implication?
21 September 2011
It will not be taxable and clubbed to Father in law as the basic limit is up to Rs.50,000.
CA MANOJ GUPTA
(Expert)
21 September 2011
INCOME EARNED BY THE DIL ON MONEY RECD FM FIL WILL BE CLUBBED IN THE HANDS OF FIL
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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