can i give gifts to my mother in law for Rs 500000/- is this right income tax point of view
4 Replies
gourav
(student)
(60 Points)
Replied 17 May 2008
The person whom you are making gift is covers under the Defination of a "Relative" ,so therefore there is not any possibility of applicability of tax on the same.
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
