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Cash Gift querry

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Service
21 Points Posted on 19 February 2023

I wish to cash gift my daughter through cheque/Bank transfer.  Is it taxable in her/my hands?  Please advice.

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On 19 February 2023 at 20:51 Report
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7 Points Posted on 19 February 2023
No it is not taxable in her/your hands.
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On 19 February 2023 at 22:51
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SEO Sai Gr. Hosp.
211708 Points Posted on 19 February 2023

Hope the daughter is major. 

581 Reply
On 19 February 2023 at 22:58
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Chartered Accountants
2015 Points Posted on 19 February 2023

Watch this video, your all doubts will be clear

CLICK BELOW

GIFT TO RELATIVE - EASY EXPLANATION

3 Reply
On 19 February 2023 at 23:49
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CFO- at NHTF
58280 Points Posted on 20 February 2023
Gift to relative is not taxable
59 Reply
On 20 February 2023 at 07:01
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2478 Points Posted on 20 February 2023
However, in case of any scrutiny from I T dept, one should make & reg. gift deed as as proof that it is not advance given....
as from 23/24 onwards if advances given will have to be reported in itr
4 Reply
On 20 February 2023 at 10:05
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CFO- at NHTF
58280 Points Posted on 22 February 2023
Instead of gift , pay the amount as salary for the house hold help
59 Reply
On 22 February 2023 at 12:16


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