Gift to son
This query is : Open
30 November 2020
Dear Experts,
Father has given the gift of Rs. 10 lacs by Rtgs to his son,
Since gift in blood relation is exempt, is both the father and son need to disclose this gift in his ITR or not..
Thanks
Nikhil
Father has given the gift of Rs. 10 lacs by Rtgs to his son,
Since gift in blood relation is exempt, is both the father and son need to disclose this gift in his ITR or not..
Thanks
Nikhil
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