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Gift tax

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aprajita (Querist)
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25 July 2017 how can one save tax by gifting money to parents? and under which section money given as gift reporetd in ITR

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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25 July 2017 No column in ITR to declare gift given.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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25 July 2017 Also no tax benefit if money is gifted to parents...

RAJA P M (Expert)
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25 July 2017 Gift receiver get exempted, Gift issuer is taxable that value and also calculated his income....

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