can i give gifts to my mother in law for Rs 500000/- is this right income tax point of view
bishan singh negi (service) (104 Points)
17 May 2008can i give gifts to my mother in law for Rs 500000/- is this right income tax point of view
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.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
