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Gift from Father to Daughter

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(Querist)
02 May 2009 What is the tax implication of gift given by father to daughter? Is there any exemption limit or is it fully exempt?
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C.A.Javid Patel

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C.A.Javid Patel (Expert)
02 May 2009 Gift given by father to his dhuater is fully exemptfrom tax,
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Ankur Garg

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Ankur Garg (Expert)
02 May 2009 Agree with Javid.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
03 May 2009 fully exempted

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