My father is a farmer. I have given him 2 Lakhs money for borewell water expenses. Is there any tax exemption to the money I have given to my father?
P.S: I have given him money as a gift, not as a loan.
Giri Dhar (Entrepreneur) (54 Points)
28 March 2016My father is a farmer. I have given him 2 Lakhs money for borewell water expenses. Is there any tax exemption to the money I have given to my father?
P.S: I have given him money as a gift, not as a loan.
shivang soni
(4 Points)
Replied 29 March 2016