Gift from grandfather
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2014
One of my client take a gift of Rs. 5 lk from his paternal grandfather, whether its exempted or taxable for A.y 2014-15
06 February 2014
yes it is exempt. refer section 56.
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
- Sale of goods to the purchasing party
- OLD REGIM AND NEW REGIM
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Sec 44ada applicable only or both
- Compulsory aqisation of Agriculture & Non Agriculture land are taxable or not ?
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- HOUSING LOAN ISSUE
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- FORM 10BB/10B REQUIRED OR NOT
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
