Gift
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2010
Please tell me the provisions relating to gift. Can I give gift to my father and will it liable to tax. What is the limit of the gift amount.....
28 October 2010
gift to a relative is not taxable in the hands of the relative
you can make unlimited gifts to your father
you can make unlimited gifts to your father
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28 October 2010
U can gift any amount. It is not taxable in the hands of the father not clubbing provisions apply.
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