Gift given to parents
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2014
Hello,
My query is
An assessee is a salaried employee and he transfers a certain sum to his mother monthly.
And also he has made some FD investments in name of his father, how can he show it.
How can he claim it as a gift to mother and father in his salary declaration?Against which head and can he give such declaration in his co.?
My query is
An assessee is a salaried employee and he transfers a certain sum to his mother monthly.
And also he has made some FD investments in name of his father, how can he show it.
How can he claim it as a gift to mother and father in his salary declaration?Against which head and can he give such declaration in his co.?
17 January 2014
Gift given are not allowed as deductions...so whats the point of declaration...further interest earned on the fd shall be clubbed with your income
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