Tax on Gift to Daughter after Marriage

Share
Share This Thread
  1. ganesh nambi

    ganesh nambi New Member

    sir,
    I WANT TO GIVE A GIFT WORTH RS 30 LAKHS JEWELRY TO MY DAUGHTER WHO IS MARRIED 10 YEARS BEFORE WHETHER I WILL HAVE TO PAY TAX FOR THIS

    WHETHER MY DAUGHTER WILL HAVE TO PAY TAX ON THIS

    WHAT ARE FORMALITIES I HAVE TO DO BEFORE GIVING GIFT
    WHETHER ANY DEED HAS TO BE PREPARED FOR THIS KINDLY ADVISE
     
  2. ganesh nambi

    ganesh nambi New Member

     
  3. Karan Batra

    Karan Batra Well-Known Member

    The gift given by parents to daughter either before marriage or after marriage is exempted from the levy of any income tax.

    Neither you nor your daughter will have to pay any tax in this case.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Gift made by huf to daughter-in-law of karta Income Tax Mar 10, 2018
GIFT TO MAJOR DAUGHTER Income Tax Jan 24, 2018
Clubbing on a gift from daughter in Law to Father or Mother in Law Income Tax Aug 15, 2017
A FATHER GIFT A IMMOVABLE PROPERTY TO DAUGHTER Income Tax Jul 28, 2017
Cash gift from grandfather to grand daughter Income Tax Aug 23, 2016