gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2010
Sir my father 80 years old having own pan no.want to give some amount as GIFT to his
GRAND DAUGHTER (18 YEARS OLD AND HAVE PAN NO .ALSO).
Sir my question is---
CAN A GRAND FATHER GIFT MONEY TO HIS GRAND DAUGHTER ?, IF YES, WILL HE HAVE TO GIVE ANY AFFIDIABET SHOWING THIS GIFT.?
HE IS GIVING GIFT BY CHEQUE.
THANKING YOU
VINOD
GRAND DAUGHTER (18 YEARS OLD AND HAVE PAN NO .ALSO).
Sir my question is---
CAN A GRAND FATHER GIFT MONEY TO HIS GRAND DAUGHTER ?, IF YES, WILL HE HAVE TO GIVE ANY AFFIDIABET SHOWING THIS GIFT.?
HE IS GIVING GIFT BY CHEQUE.
THANKING YOU
VINOD
18 December 2010
Yes He Can Give Gift to Her Daughter.
Exempt U/s 56.
and a Gift Deed Must Be Prepared For Any Future Refernce
Exempt U/s 56.
and a Gift Deed Must Be Prepared For Any Future Refernce
18 December 2010
yes. he can . and this gift will not be taxable.
it is better to make a giftdeed for incometax purpose.
it is better to make a giftdeed for incometax purpose.
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