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Gift amount exemption to spouse
Last FY year , i giving gift to my father ,mother and wife 50000 rs. each ,total 1,50,000 rs. How i get exempted and in which section i have to cover for taxation rebates
Replies (3)
No taxation rebate is allowed for Gift given.
How i can get advantage of Clause - Gift as per taxation
No advantage. Contrarily disadvantage of being getting the income clubbed from gifted assets to wife
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