Taxability of gift made by a widow

Tax queries 496 views 3 replies

what will be the tax treatment in the hands of a widow when a widow makes a gift to any person being a relative or otherwise, of the widow?

Pls provide the relevant section of the income tax act.

Replies (3)

Tax Authority does not grant a widow any special sections.....

 

So, if the gift is from relatives to her, it is exempted

Hi ritika...

Whenever a gift is given by a person than taxability arises in the hands of d person who receives d gift and not in the hands who gives d gift...

Hence gift given by widow is not taxable in the hands of widow...

Dear dhiraj

here ritika had asked dat wenever widow makes a gift would it b taxable to her or not???

I m sorry to point out dat u hv answerd her of gift bein receivd by her nd not made by her...


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