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GIFT TO DEPENDENT PARENTS
I AM GIVING 3000 PM TO MY DEPENDENT PARENTS AS GIFT TO THERE BANK ACCOUNT.CAN I CLAIM ANY TAX BENEFITS FOR THIS TYPE OF GIFT.IF YES THEN PLEASE TELL SECTION.
Replies (3)
You will not get any tax benefit
Yes... I agreed to Mr Ashiwini Ballodia view...
You can't get any Tax benift for the above said way.
You can't get any Tax benift for the above said way.
if we get gift of shares from daughter, is it necessary to show this as exempt income Columbia or directly to capital account. PL . explain.
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