Gift attracting sec 269
Pravin Varma (6 Points)
02 April 2017Pravin Varma (6 Points)
02 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182282 Points)
Replied 02 April 2017
"Gift received through cheque by gift deed from younger sister to elder brother or father is legally allowed or disallowed"
Any amount of gift by cheque or any banking channel, is allowed. Section 269ST not attracted.
Pravin Varma
(6 Points)
Replied 03 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182282 Points)
Replied 03 April 2017
Yes, without any tax liability.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961