Gift

Tax queries 406 views 1 replies

Who can give Gift which shall be non-taxable?

Replies (1)

Gift will be exempt if it is received from the following people

 

(i) spouse of the individual;

(ii) brother or sister of the individual;

(iii) brother or sister of the spouse of the individual;

(iv) brother or sister of either of the parents of the individual;

(v) any lineal ascendant or descendant of the individual;

(vi) any lineal ascendant or descendant of the spouse of the individual;

(vii) spouse of the person referred to in clauses (ii) to (vi)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register