What points to be considered during statutory audit of bank
This query is : Resolved
09 March 2014
gift frm sons wife is taxable or exempt
09 March 2014
give me suggestions regarding this.
09 March 2014
yes it shall be exempt....son's wife is covered under "spouse of any lineal descendant"
09 March 2014
Yes its exempt. Please see the details from link given below---
https://www.caclubindia.com/forum/relatives-u-s-56-2-vii-from-whom-gift-is-permissible--98674.asp#.UxvIa01DHVI
https://www.caclubindia.com/forum/relatives-u-s-56-2-vii-from-whom-gift-is-permissible--98674.asp#.UxvIa01DHVI
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
- Sale of goods to the purchasing party
- Resignation of auditor and appointment and cfss
- OLD REGIM AND NEW REGIM
- Clarification Required on Filing Form 141 for Joint Buyers
- Clarification on 15% Saudi Withholding Tax and Refund Eligibility
- LIC maturity claim whether taxable
- RELATED TO TRIBUNAL APPEAL
- I have sent ITR to CPC and delivered in due date , but portal itr status not updated
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
