Easy Office
LCI Learning

Gift

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 September 2013 1 father has given 10 lacs to his son through online transfer.

2 son has transferred 10 lacs to father through online transfer

what will be taxability?
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
02 September 2013 No taxabilty Gift to relative is exempt from Tax.
Profile Image

CA LOKESH KASAT, FCA, M.Com

Profile Image

CA LOKESH KASAT, FCA, M.Com (Expert)
02 September 2013 Gift from relatives are exempt
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
02 September 2013 As per explaination to sec 56(2) gift received from relatives is not taxable.
Profile Image

VISWANIVAS

Profile Image

VISWANIVAS (Expert)
02 September 2013 Father to son and son to mother makes some sense.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links