hi
can anyone please let me know abt this
i have given some amt i earned to my family member as a gift can i show it my i.t. declaration for tax exemption is it possible
regards
kumar
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71474 Points)
Replied 08 December 2009
Please tell me what nature of Income you are getting,
pori
(se)
(53 Points)
Replied 09 December 2009
so we cannot show this amt in income tax declaration form .
i have given say 50k by fundtransfer from my account to my dependent elder family member.
is there any possibility for tax deduction for the amt and can we show in declaration the amt we spent (money) for the operation medicalls of family memeber for tax dedeuction
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)