Easy Office
LCI Learning

GIFT AND RELATIVE

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 July 2011 CAN SPOUSE' BROTHER'S WIFE GIVE GIFT?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
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.
Profile Image

priyanka sharma

Profile Image

priyanka sharma (Querist)
13 July 2011 SIR, WILL U PL EXPLAIN LINEAL ASCENDANT OR DESCENDANT?PL



Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
13 July 2011 Example-
My ascendant's are my parent's.
My descendant is my daughter,since I have only one child.
Profile Image

priyanka sharma

Profile Image

priyanka sharma (Querist)
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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links