Gift to mother

359 views 3 replies

Sir, If I gift money to my mother through bank account transfer (or cheque) then for tax purpose do I need to maintain any document for this ? Or the bank records are sufficient to answer any future income tax scrutiny ?

My mother is planning to use this amount for senior citizen FD. I understand that clubbing provision doesn't apply when money is gifted to parents.

Thanks.

Replies (3)
yes you can do. Bank records are sufficient
good clarification and information
You mention gift to Mother in Return's and in Mother's Return you have to mention receiving of Gifts. You have to mention all these in ITR of both persons. Similarly FD etc mentioning required.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details