Gift to grand son
This query is : Resolved
17 March 2018
I have received Land compensation and want to give my daughter son whose age is 30 years amount given by me is taxable in his hands
Nikhil Kaushik
(Expert)
17 March 2018
won't be taxable in the recipient's hands. whether the compensation received is taxable in your hand needs to be evaluated.
K Srinivas, CMA CS
(Expert)
17 March 2018
Yes, gift to grandson is out of Income tax purview.
18 March 2018
Land compensation received Amount given to my daughter and grandson is taxable as amount in my hand is tax-free
And being a senior citizen my age is 82 years I want to give entire amount
Regards
And being a senior citizen my age is 82 years I want to give entire amount
Regards
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