Regarding gift from sister's son.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 June 2012
Dear Sir,
If Sister's Son (mausi ka Beta) Wants to gift cash to Sister (Mausi) and to His Son.
Then what will be the tax treatment and tax liability about this.
Please reply.
Thanks
If Sister's Son (mausi ka Beta) Wants to gift cash to Sister (Mausi) and to His Son.
Then what will be the tax treatment and tax liability about this.
Please reply.
Thanks
CA PARAS BAFNA
(Expert)
15 June 2012
Such gift's are tax free as are being made to relatives. These are not having any tax implication
.
It seems that in the query, relationship, has been wrongly defined. Yet it is evident that all the persons are relatives.
.
.
It seems that in the query, relationship, has been wrongly defined. Yet it is evident that all the persons are relatives.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
