Gift income
This query is : Resolved
14 April 2014
Dear all
my client receive gift income of rs 60,000 by cheque from father.
this income is clubed in son income and where show this income.....
my client receive gift income of rs 60,000 by cheque from father.
this income is clubed in son income and where show this income.....
Nikhil Kaushik
(Expert)
14 April 2014
it is not to be included in the son's income.
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Nikhil Kaushik
(Expert)
14 April 2014
income is clubbed in the hands of the giver...not in the hands of the receiver (in case of relatives)
Rupesh Jain
(Expert)
15 April 2014
income from gifted money will include in donor income
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