Gift

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CA SOURAV BAGLA (Querist)
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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?

VISHRUT (Expert)
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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)
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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

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