Gift


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 June 2013 When a father HAS GIVEN THE GIFT IN FORM OF DEPOSTING CHEQUE BY WAY OF RS MORE THAN RS 1 L IN CHEQUE , IS CLUBBING PROVISION APPLICABLE?
HOW INCOME TAX IS TREATING THIS GIFT ?
TO WHOM taxability is applicable?
I have made gift deed on stamp paper with witness.
Pl suggest the recoomendation.

01 June 2013 GIFT FROM THE RELATIVE IS EXEMPT. BUT INCOME FROM THAT GIFT WILL BE CLUBBED IN A FATHER'S INCOME.

01 June 2013 gift given by father is application of income only,..gift is taxable in the hands of father


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 June 2013 how it is good to understand every gift made by the allowed and good on the tax laws cover under the application of the case and chargeable to tax in the hands of the donor?



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries