If bhanja give gift to mama whether taxable to mama and if taxable then can he give to his mother and then in turn mother give to brother whether there will be any objection in that from taxation point
If bhanja give gift to mama whether taxable to mama and if taxable then can he give to his mother and then in turn mother give to brother whether there will be any objection in that from taxation point
1. No. It would be taxable.
2. That way possible ...Exempted both transactions.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
