I am a senior citizen surviving on the bank interest on the amount recd. as Provident Fund at the time of retirement. Total income thus earned during A Y 2015-16 is Rs. 1,61,980.00. In addition, my daughter is paying an amt. of Rs. 20,000/- p.m. for our subsistence out of her salaried income. Do I need to add this contribution from my daughter also in my total income for filing the reurn?
Biswas
Your daughter's salary is already taxed and out of that money she is giving Gift of rs 20000. I dont think it should be taxed But i am not sure of this
Experts plz throw some light on this.
Thanks
Contribution by your daughter will not be taxed in your hands.
Thank you all for the replies.
Biswas
ADY & CO.
New Delhi
Graduate (Any)
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
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