27 April 2010
My wife recd a gift from her father for Rs. 10,00,000.00 , Both are I.T. assesse,the above amount was transfer from bank accounts ,since the above is tax exempted , what are the documents that i have to produce to the I.T. dept. if asked for
27 April 2010
SINCE THE AMOUNT INVOLVED IS HUGE IT WOULD BE IN THE BETTER INTEREST TO EXECUTE A GIFT DEED. APART FROM THAT YOU CAN SHOW THE AMOUNT RECEIVED THROUGH YOUR BANK ACCOUNT STATEMENT.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 April 2010
can the gift deed made after the payment is made.