Urgent
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2017
if someone has salaried income(more than exemption limit) and he gift some money to his mother suppose Rs 100000 transfer to his mother account from his salary. now my question is
whether he claim tax exemption of rs 100000 given as a gift to mother and under which section he can show in ITR?
whether he claim tax exemption of rs 100000 given as a gift to mother and under which section he can show in ITR?
25 July 2017
No tax exemption in respect of salary gifted to your mother.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- DTCP approval
- Regarding Form 15CA & CB
- PAYMENT NOT SEND IN 180 DAYS
- GST on export of services and Input Credit
- Capital gain consideration
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Input credit on export services
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
