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Gift and 269ST
If i transfer two transactions at Rs. 190000/ - to my father on different dates as gifts, Can we do it? or what is the provision regarding cash donation to relative?
Replies (3)
If these can be considered as 2 different events, then no violation u/s 269ST I think.
Cash transfer to close relative exempt i think
A gift to father -Exempt
But 269ST -Up to 2 Lakh /Year through cash allowed.
Then no offence.
But 269ST -Up to 2 Lakh /Year through cash allowed.
Then no offence.
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