Gift tax
This query is : Resolved
03 October 2011
Can an individual gift to daughters son, will it be exemt.
03 October 2011
No. Son of daugher is not covered by the defenition of relatives. He can gift upto 50000/- taxfree. In excess of Rs.50000/- gift will be taxable in the hands of son of daughter
03 October 2011
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