limitation for gift
This query is : Resolved
01 January 2017
what is the limitation for giving gift to wife,daughter & son and what is the right procedures for doing it
02 January 2017
In respect of gift to wife the income earned by wife out of such gift will be clubbed with the income of husband, no such clubbing in case of gift to major son and daughter. Have gift deed executed in plain paper/stamp paper of Rs.100 for other than immovable properties.
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