Gift under Will
This query is : Resolved
15 March 2011
Hi
while i am browsing on tax related to Gift items(amount), i found the following term.
Gifts under will.
can someone plz give me more details on that.
Thanks for your reply
while i am browsing on tax related to Gift items(amount), i found the following term.
Gifts under will.
can someone plz give me more details on that.
Thanks for your reply
15 March 2011
Gifts under will:
If a person makes a will and he want to gift some valuables, property or a sum of money,
after his death, such gifts are covered under this clause.
Gifts under will can be made to non-relatives also without attracting any tax liability U/s 56.
If a person makes a will and he want to gift some valuables, property or a sum of money,
after his death, such gifts are covered under this clause.
Gifts under will can be made to non-relatives also without attracting any tax liability U/s 56.
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