Regarding gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 May 2016
SIR,
IF MY FATHER GIVE ME BY CHEQUE RS. 100000/- AS AN GIFT THAN RS.100000/- IS TAXABLE OR NOT AND I HAD INTRODUCED THE AMOUNT IN CAPITAL A/C OR NOT
SIR PLEASE HELP REGARDING THAT MATTER
THANKING YOU
IF MY FATHER GIVE ME BY CHEQUE RS. 100000/- AS AN GIFT THAN RS.100000/- IS TAXABLE OR NOT AND I HAD INTRODUCED THE AMOUNT IN CAPITAL A/C OR NOT
SIR PLEASE HELP REGARDING THAT MATTER
THANKING YOU
03 May 2016
Gift from father to son, being relatives not taxable as per section 56(2)(Vii).
Rupesh Jain
(Expert)
03 May 2016
gift recd from relative not taxable
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