hi..
gift tax has been abolished in 1998. So, if a father gifts his rental income to his daughter ( amt say 80000 p.a) would it be taxable?? if yes, then under which head?
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query regd gift tax.
Replies (3)
Dear sajiri shah !
Gift from 'father' to 'daughter' is totally exempt.!
Gift is Exempt to Parents and Wife and Children
Gift is totally exempted between blood relations
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