Gift
This query is : Resolved
17 November 2017
Dear Expert.If Father sold some plot. can give 50 Lac amount as a Gift to his son then can we show Gift expenses in the books of Father account.
17 November 2017
Not an expense being money given out of love and affection to son with out
consideration.
consideration.
17 November 2017
The father cannot claim the gift given to son as a deduction from the taxable Capital Gains, if any.
17 November 2017
father can very well gift the amount. But it is NOT regarded as expenses
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
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Not a CA , can we prepare balance sheet
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Income Type for interest from government bonds
- Form 15CB filling clarification
- Invoice Numbers WROGLY ENTERED
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- 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
