Gift to daughters

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24 Points Posted on 27 April 2021
treat of gift to daughters (maaried) any limitations as per income tax
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On 27 April 2021 at 17:19 Report
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This discussion clarifies that gifts given to daughters, whether married or unmarried, are not subject to income tax limitations. Daughters are considered relatives under the Income Tax Act, meaning gifts to them are tax-free. There are no specific restrictions on the amount you can gift to your daughter.

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Chartered Accountant
24588 Points Posted on 27 April 2021
Not taxable as gift to daughters comes under relatives
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On 27 April 2021 at 18:06
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Practice
1361 Points Posted on 27 April 2021
No limitation on gift to daughter. (married or unmarried both)
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On 27 April 2021 at 18:38
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7 Points Posted on 29 April 2021
Daughter is covered under definition of relative and so it is not taxable
1 Reply
On 29 April 2021 at 14:25

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