hi..
gift tax has been abolished in 1998. So, if a father gifts his rental income to his daughter ( amt say 80000 p.a) would it be taxable?? if yes, then under which head?
sajiri shah (CA Final) (112 Points)
11 October 2007hi..
gift tax has been abolished in 1998. So, if a father gifts his rental income to his daughter ( amt say 80000 p.a) would it be taxable?? if yes, then under which head?
CA.Saibaburao Nanduri
(Chartered Accountant)
(3847 Points)
Replied 11 October 2007
CMA Gul S
(Program Manager)
(5910 Points)
Replied 12 October 2007
Amit Sharma
(article)
(2677 Points)
Replied 24 December 2007
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India