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
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.
.
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