Gift tax

02 March 2018

Can I give a gift(money) to my daughter in law without attracting gift tax? She is a non-working housewife.

Kindly give your answer in detail as much as possible.

Thanks

HARSHAD KHONA

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5 Replies

pankaj (a) (1262 Points)
Replied 02 March 2018

yes daughter in law will cover in definition of relative and gift to relative is not taxable .

Harshad Khona (146 Points)
Replied 02 March 2018

Thanks for your reply.

Do I prepare Gift Tax deed and register it?

Thanks,

HARSHAD KHONA

RAJA P M ("Do the Right Thing...!!!") (127169 Points)
Replied 02 March 2018

Just will prepare Gift Deed... No need register the deed. Also it's not mandatory...

Rishi Mehta (Ur friend ) (1533 Points)
Replied 02 March 2018

stamp duty need to be paid for gift deed..

Harshad Khona (146 Points)
Replied 02 March 2018

Thanks for quick response.

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