Gift paid to Parents
This query is : Resolved
04 February 2011
Hi
May i claim deduction from my income if i paid gift to my parents in terms of cash or cheque
May i claim deduction from my income if i paid gift to my parents in terms of cash or cheque
04 February 2011
No. whether you are having business income, salary income or any other kind of income, you cannot claim deduction on account of gift given to your parents.
04 February 2011
GIFT given to parents, Relatives or any other person cannot be claimed as deduction.
04 February 2011
you cant claim as deduction.
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