Money Gift from Father to Son or to Daughter-in-law
This query is : Resolved
23 August 2024
Hi,
What will be the Tax effect on Money Gift from Father to Son or to Daughter-in-law.
Is it taxable or exempt?
Please guide.
Thanks
Umesh
What will be the Tax effect on Money Gift from Father to Son or to Daughter-in-law.
Is it taxable or exempt?
Please guide.
Thanks
Umesh
23 August 2024
In both case it is exempt, but in case of gift to daughter in law clubbing provision applies.
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