Q&A

An amount gifted to a relative will be free of income tax

Sandeep Shanbhag, AN Shanbhag

Posted: Sunday, Nov 30, 2008 at 0139 hrs IST
Updated: Sunday, Nov 30, 2008 at 0139 hrs IST


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: below the taxable limit, he need not file a return.

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» INCOME TAX SAVING
Posted by PARAMATMA TIWARI on 2009-06-08 20:04:38.076272+05:30
i have paid Rs.50,000 for my causine sister's married kindly advice, can i get benifits on income tax payable amt RegardsParamatma Tiwari

» does money given as gift attract tax to the recipient?
Posted by suhas on 2009-01-09 13:05:09.577077+05:30
will a sum of say 10 lakhs given by a father(not tax payer) to his son(tax payer)attract tax under the gift tax law to the son?also can the same amount be given as a gift by a grandfather(not tax payer) to his grand daughter(major

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