Hello,
Son has gifted consideration of Rs.380000/- to his Father in FY 2017-18.
My Queries : -
1. Exempted Amount in the above case.
2. Whether it is Fully Exempted as it covers the definition of Relatives.
Kindly provide Suggestions.
Thank You.
Hello,
Son has gifted consideration of Rs.380000/- to his Father in FY 2017-18.
My Queries : -
1. Exempted Amount in the above case.
2. Whether it is Fully Exempted as it covers the definition of Relatives.
Kindly provide Suggestions.
Thank You.
Fully expemted as reason given by u above.
Thanks for your reply.
Is there any specifying section on the same.
| Originally posted by : Yogesh Kini | ||
 |
Thanks for your reply. Is there any specifying section on the same. |
 |
Section 56(2).
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