About my tax liability

175 views
User Avatar

4 Points Posted on 15 February 2020
sir
my mother is a retired emoloyee. she decide to transfer some money from her account to my account in which that money she already pay tax.Is this my have come any tax liabilty in me.
0 Reply Share Follow
On 15 February 2020 at 02:29 Report
Replies (2)
Quick Summary
This discussion clarifies whether receiving money from your mother, on which tax has already been paid, incurs any personal tax liability. The consensus is that money received from close relatives, where tax has already been settled, is not subject to further taxation. Therefore, you will not have any tax liability on a gift received from your mother.

User Avatar

151 Points Posted on 15 February 2020
No.. any money received from close relatives on which tax has already been payed is not taxable again.
Reply
On 15 February 2020 at 03:06
User Avatar

17269 Points Posted on 16 February 2020
No tax by you on gift received from mother.
Reply
On 16 February 2020 at 13:56

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. CA Fees deduction for non audit case allowed?
  2. 5th Letter PAN Mismatch with Surname issues still
  3. Criteria to hire an article
  4. Guidence requested for a Finance Professional with
  5. Expert Opinion Required – Form 140 Gross Amo
  6. WRONG TAX DEMAND - formal responses , rectificatio
  7. Foreign remittance
  8. Affordable Residential Flats in Gurgaon
  9. Manufacturing
  10. TAN REGISTRATION ON E-FILLING SITE

More recent discussions | Post

Related Topics :

Loading