CA Day celebration 2024 Easy Office
LCI Learning

Tax on gift

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 January 2014 I am a major son of my family. My father is a salaried person paying tax. Now if he gives any amount of gift in cash or in kind, will he get any kind of benefit in tax for giving me such gift?
Profile Image

CA Sanjeev Kumar

Profile Image

CA Sanjeev Kumar (Expert)
07 January 2014 no benefit... yes but the recipient is not liable to tax if he is relative...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links