Gift to any of son or daughter
This query is : Resolved
12 July 2016
Is Gift by mother or father to any child, be major or not is taxable in the hand of the child?
Is the non-refundable / unsecure loan to son or daughter be treated as gift or income of the son or daughter or his/ her income from other source?
Is the non-refundable / unsecure loan to son or daughter be treated as gift or income of the son or daughter or his/ her income from other source?
12 July 2016
Gift to son or daughter will not be taxable.
12 July 2016
if it is unsecure loan/ or non-refundable loan from father or mother, can it be treated as gift to son or daughter to be non-taxable
12 July 2016
Non-refundable loan is nothing but gift. But not taxable as it is recd from "related person"
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
