Gift tax

This query is : Resolved 

24 April 2014 Hi

Pl share the rules about gift tax on the trasaction b/w father, father in law, spouse and children also exemption limit.

24 April 2014 Gifts from all the above r exempted from tax.

25 April 2014 Pl share in details.

25 April 2014 Visit the following link:-

http://incometaxmanagement.com/Pages/KnowledgeBASE/Tips-On-Tax-Planning/4-Gifts-received-from-Friends-Relatives-or-from-NRIs-could-be-Exempt-from-Income-Tax-How.html


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