Gift to (mothers sister)
This query is : Resolved
MANJUNATHA M.R
(Querist)
15 November 2013
Dear Experts Shall I gift Money in Cash worth Rs.5Lakhs to my mothers Sister. Please clarify. Thanks in Advance.
CA Parul Saxena
(Expert)
15 November 2013
yes you can give tax to your relatives no tax implications
CA BHARATH KUMAR
(Expert)
18 November 2013
yes you can . here no tax will applicable
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