Taxation of gifts
This query is : Resolved
14 February 2017
Dear Sir,
An Assesse has received monetary gift by way of cheque from his daughter. Whether gift received is taxable in the hands of Assesse or not.
Thanks,
Abhishek.
An Assesse has received monetary gift by way of cheque from his daughter. Whether gift received is taxable in the hands of Assesse or not.
Thanks,
Abhishek.
14 February 2017
Not taxable as it is a gift from relatives exempted from tax.
14 February 2017
Dear Sir,
Thanks a lot for your quite and prompt reply.
Thanks again,
Abhishek.
Thanks a lot for your quite and prompt reply.
Thanks again,
Abhishek.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- Loan by Partnership Firm
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
