Menu
cash gift
if father gives cash of Rs.3lakhs as gift to his unmarried independent daughter (deposits in her bank a/c).....is it taxable?
Replies (3)
Not taxable.
Gift to relative is exempt in IT Act.
Gift to relative is exempt in IT Act.
if cash exceeds Rs.50000 it is taxable know
No. Gift to relative is always exempt
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
