Dear Members
A Father has Made a Gift to his married daughter(major) After 5 years of Marriage . In Such case Income arises on such giftt in whose hands it is taxable.Please Guide me.
Thanks In Advance.
Ajay Kumar Maggidi (Manager - Finance & Accounts) (2068 Points)
12 May 2014Dear Members
A Father has Made a Gift to his married daughter(major) After 5 years of Marriage . In Such case Income arises on such giftt in whose hands it is taxable.Please Guide me.
Thanks In Advance.
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2010 Points)
Replied 12 May 2014
income from such gift will be included in the income of major married daughter
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