Gift
This query is : Resolved
29 January 2011
If i pay a particular amount as a gift to one of my relative, can that be deducted from my total income while computing taxable income.
Please revert
Prashant
If i pay a particular amount as a gift to one of my relative, can that be deducted from my total income while computing taxable income.
Please revert
Prashant
29 January 2011
It will not be considered as taxable in case of the receiver of gift,
You will not be allowed any benefit under the Act.
You will not be allowed any benefit under the Act.
Guest
Guest
(Expert)
29 January 2011
No it will not be deducted.
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