Gift received in the name of minor is taxable
This query is : Resolved
K D Sharma
(Querist)
02 December 2016
Dear Sir,
let me know gift received in the name a minor now a days is taxable as undecalared income/undisclosed income in the hands of guardian
REgards
K D Sharma
Email: kds70@yahoo.com
let me know gift received in the name a minor now a days is taxable as undecalared income/undisclosed income in the hands of guardian
REgards
K D Sharma
Email: kds70@yahoo.com
27 April 2017
Gifts received by minor is clubbed with the income of that parent whose income is higher before including such income subject to a deduction of Rs 1500/-.
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