GIFT AND RELATIVE
This query is : Resolved
13 July 2011
CAN SPOUSE' BROTHER'S WIFE GIVE GIFT?
13 July 2011
Yes. It is tax free. Pl refer clause (vii) read along with (iii) of explanation to the proviso to section 56(2)(vi) of the Income tax Act,1961.
Message likes :
1 times
13 July 2011
SIR, WILL U PL EXPLAIN LINEAL ASCENDANT OR DESCENDANT?PL
13 July 2011
Example-
My ascendant's are my parent's.
My descendant is my daughter,since I have only one child.
My ascendant's are my parent's.
My descendant is my daughter,since I have only one child.
Message likes :
1 times
13 July 2011
THANK U SIR........!!!!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Free lancer income
- Salary and pension received from Asian Development Bank
- What is provisional receipt number for generation of form 16A
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
