Relatives whom gift is permissible under i.t act
This query is : Resolved
21 July 2012
Sir,
Ramesh & Suresh both are own brothers, Ramesh son is Vivek and his (vivek's) wife is Rashmi.
Suresh wife is Anita.
1)Anita received gift from Rashmi (who is vivek's wife)
2)Rashmi received gift from anita
may i know
1)this is comes under Relative definition? and
2)if it comes that will club under provisions?
Ramesh & Suresh both are own brothers, Ramesh son is Vivek and his (vivek's) wife is Rashmi.
Suresh wife is Anita.
1)Anita received gift from Rashmi (who is vivek's wife)
2)Rashmi received gift from anita
may i know
1)this is comes under Relative definition? and
2)if it comes that will club under provisions?
21 July 2012
1. Anita & Rashmi are NOT relatives for the purpose of Section 56(2)(vii).
2. Clubbing provisions will NOT apply.
2. Clubbing provisions will NOT apply.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
