Easy Office
LCI Learning

Gift

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 April 2012 During the year 11-12 my client has received Rs 7.00 lakhs as a gift from his father-in-law and purchased a house property. Can he receive this amount as gift from his father-in-law!
Profile Image

ca cs shriyans jain

Profile Image

ca cs shriyans jain (Expert)
18 April 2012 Yes, he can receive. Gifts in relation to immovable property exceeding 50,000 from relatives or other taxable.

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