Gift Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2011
My Daughter & Son In Law residing abroad. I have Received Rs. 10 lacs as a gift from my daughter whether it is taxable or not ? I am retired business person and have two married daughters .
17 May 2011
IT WILL BE TAX FREE AS PER SECTION 56
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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