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
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
(149 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...!!!")
(128106 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..
Recent Topics
- SOURCE RESPONSE ON FEED BACK PROVIDED BY TAXPAYER
- Help Required - U/S 87A
- GST TAX SLAB ON RENT A CAB
- ITR 2 not available for filing yet? AY 25-26
- Failed to complete pre validations.RET00001 GST RE
- RCM on Groundnut purchased from farmers
- Cash transfer treatment between spouse under new r
- APPLICABILITY OF GST ON PULSES PREPACKED AND LABEL
- HSN Code for Keychain (Plastic+metal)
- Society and development, Highlighted by a term fin
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
