gift received from dad
Jyoti sharma (7 Points)
01 December 2018
gift received son from dad more than 10 lakh Is it taxable or exempt
4 Replies
NS KHARTHIKVIJAYAN
(15 Points)
Replied 01 December 2018
As Father comes under the definition of Relative.Hence it is not taxable
rama krishnan
(12244 Points)
Replied 01 December 2018
it'll not be charged to tax but if any income earned out of gifted amount it'll be charged in the hands of father
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