income tax exemption

577 views 3 replies

hi

can anyone please let me know abt this

 

i have given some amt i earned to my family member as a gift can i show it my i.t. declaration for tax exemption is it possible

 

regards

kumar

Replies (3)

Please tell me what nature of Income you are getting,

actually im a salaried professional working in bank

 

 

so we cannot show this amt in income tax declaration form .

i have given say 50k by fundtransfer from my account to my dependent elder family member.

is there any possibility  for tax deduction for the amt and can we show in declaration the amt we spent (money) for the operation  medicalls of family memeber  for tax dedeuction

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