Gift received by daughters children

407 views
User Avatar

PROPRIETOR
552 Points Posted on 09 October 2024
Gift received by daughter's children i.e. Nana ( Father's of Mother) is exempted in her/his hand . Please clarify the position
0 Reply Share Follow
On 09 October 2024 at 18:18 Report
Replies (2)
Quick Summary
This discussion seeks clarification on gift tax exemptions when a grandparent (Nana) gifts money to their daughter's children. Specifically, it questions whether the gift is exempt in the hands of the donor (Nana) and the donee (grandchildren). The query also asks if the donee is considered a 'relative' for the purpose of gift tax regulations in this scenario.

User Avatar

Profession Business
28246 Points Posted on 10 October 2024
Exempted in the hands of donor
Reply
On 10 October 2024 at 06:37
User Avatar

PROPRIETOR
552 Points Posted on 10 October 2024
Exempted in the hands of donee or not . Donee is relative or not for purpose of gift received
Reply
On 10 October 2024 at 12:40

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on property
  2. Company data for software
  3. Car purchase to be eligible for ITC
  4. GST Refund on payment to builder
  5. TDS u/s 194Q on electricity supply by DHBVN etc.
  6. Subject: Can I Apply for Fresh GST Registration on
  7. Additional place in GST RC
  8. Company 3 months old, INC-20A not filed, all 3 of
  9. How do I choose the Best GST Lawyers in New Delhi
  10. Loss on sale of residential flat after indexing al

More recent discussions | Post

Related Topics :

Loading