Gift tax
This query is : Open
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
(Expert)
25 July 2017
No column in ITR to declare gift given.
CA Rashmi Gandhi
(Expert)
25 July 2017
Also no tax benefit if money is gifted to parents...
25 July 2017
Gift receiver get exempted,
Gift issuer is taxable that value and also calculated his income....
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