banner_ad

Taxble or not

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 July 2019 My 'father in law' make fixed deposit amounting to rs 100000 in name of my wife without any occasion ,is it taxable or not
Profile Image

Deepak Joshi

Profile Image

Deepak Joshi (Expert)
11 July 2019 As per section 56(2) gift received from relatives exempt from tax.
Profile Image

mahendra

Profile Image

mahendra (Querist)
11 July 2019 thank you sir for reply .is it mandatory to make gift deed for 100000.
Profile Image

Deepak Joshi

Profile Image

Deepak Joshi (Expert)
11 July 2019 No in case of cash and cheuqe of any movable property there is no need of gift deed, but in case of immovable property gift deed must be prepared, signed in presence of two witness and get registered otherwise that transfer of title of that immovable propert is not valid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details