Tax benefit if gift is given to mother

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2012 Dear Sir,



Sir,is there any clause for my family,so that i can give money to one of my family member and i can get exemption under that clause
Waiting for your keen and positive reply as soon as possible
From Sandeep Verma

06 September 2012 Gift is Exempted in Hand of Your Mother.

and Income Also Earned From That Not Clubbed in Your Income.

06 September 2012 Agreed & No exemption or deduction under any section will be given to you under I.T Act




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