Section 56
This query is : Resolved
21 August 2012
Is A Married Daughter Consider as Relative Of Her Real Mother For the Purpose Of Section 56?If Yes Than Is There Any Limit For Giving An Amount As A Gift By A Married Daughter To Her Mother?
22 August 2012
Daughter will be daughter throughout the life (whatever be the age) for her mother.
Income tax Act does not denies this statementat least for sec 56.
The gift will not be taxable.
Income tax Act does not denies this statementat least for sec 56.
The gift will not be taxable.
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