Menu
Gift received by minor from relative
if a minor received a gift from relative then is that gift received is taxable in hands of parents under section 64 clubbing provision , even when gift received from relative exempt under section 56 (2)
Replies (1)
Such gift from relative is not taxable under clubbing provision. You are right that Gift from relatives are exempt.
Recent Topics :
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
Related Topics :
CAclubindia
