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Cash Gift querry

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Service
21 Points Joined September 2008

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 Joined 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.
211557 Points Joined July 2016

Hope the daughter is major. 

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On 19 February 2023 at 22:58
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Chartered Accountants
2015 Points Joined August 2010

Watch this video, your all doubts will be clear

CLICK BELOW

GIFT TO RELATIVE - EASY EXPLANATION

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On 19 February 2023 at 23:49
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CFO- at NHTF
58280 Points Joined August 2012
Gift to relative is not taxable
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On 20 February 2023 at 07:01
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2478 Points Joined July 2017
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
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On 20 February 2023 at 10:05
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CFO- at NHTF
58280 Points Joined August 2012
Instead of gift , pay the amount as salary for the house hold help
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On 22 February 2023 at 12:16

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