Gift to save tax
This query is : Resolved
07 February 2008
Can I gift any amount to relative to save tax as an exception under Sec-56 ?
If No, why ?
If No, why ?
07 February 2008
Please explain how will you save tax by giving gift.
11 February 2008
gift given to relatives are not taxable in the hands of relatives but it is not deducable to you as a expenditure.only your capital is reduced
11 February 2008
gift given to relatives are not taxable in the hands of relatives but it is not deducable to you as a expenditure.only your capital is reduced
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