GIFT

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JIGNESH

JIGNESH (Querist)
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26 May 2009 Can an Individual Lady Gift Amount of Rs. 1.00 Lac each to her Grand Grand son. ?

taxindiaconnect

taxindiaconnect (Expert)
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28 May 2009 Yes No bar on this if the gift is out of natural love and affection and is from the earings offered to tax. A gift deed will be an added advantage.

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GIFT

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