EASYOFFICE

Gift by cheque to a married daughter

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 April 2014 RESPECTED SIR,

MY AGE OF MY CLIENT IS 78 YEARS.

HE IS RESIDING WITH HER MARRIED DAUGHTER AS HE IS NOT HAVING ANY OTHER FAMILY MEMBERS.

AND HER MARRIED DAUGHTER IS THE ONLY ONE FAMILY MEMBER.

HE RECEIVED THE RETIREMENT AMOUNT AND WITH OTHER SAVINGS, HE GIFTED THE SUM OF RS 14,00,000 TO HER DAUGHTER BY CHEQUE.

DOES THIS GIFT AMOUNT WILL BE TAXABLE IN THE HAND OF DAUGHTER ?????
Profile Image

CA Vaibhav Gupta

Profile Image

CA Vaibhav Gupta (Expert)
13 April 2014 NO IT WILL NOT BE TAXABLE IN HANDS OF DAUGHTER
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 April 2014 PLEASE SUGGEST ANY FORMAT FOR THE SAME. THANKX VAIBHAV SIR.
Upgrade to CAclubindia Pro. Subscribe Now!


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


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links