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Whether money can be gifted

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M.Com
354 Points Posted on 18 April 2023
Sir, whether father can give money(both cash and bank) as a gift to his wife and son, if so, relevant sections and rules of the Income Tax Act.
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On 18 April 2023 at 13:01 Report
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ACCOUNTS MANAGER
2213 Points Posted on 18 April 2023

Yes he can give a gift in the mode of cash or bank transfer to his son & wife & the most important no any tax for that ............... 

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On 18 April 2023 at 13:16
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Profession Business
28202 Points Posted on 18 April 2023
Exceptions of Sec 56 (x) (2).
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On 18 April 2023 at 15:53
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Chartered Accountants
2015 Points Posted on 19 April 2023

GIFT FROM RELATIVES EXPLAINED

Watch This Video for full clarity ON GIFT FROM RELATIVE

 

 

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On 19 April 2023 at 14:55
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M.Com
354 Points Posted on 02 May 2023
Sir. if for Rs. 1,00,00,000 ( in money ie through bank) gift deed is made, what could be the stamp duty for registering such gift deed.
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On 02 May 2023 at 12:37


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