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Parmod
What will be the Tax liability on my wife if she gets money as gift from my father to purchase a flat
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Gift from relatives is exempt. Father in law is covered under the definition of relative. Hence, no tax liability if she gets gift from her Father in Law.
If you have any further queries, you can reach me at +91 9967694668
Relatives for tax free gifts include:
Parents
Spouse
Your and your spouse’s brothers and sisters
Brothers and sisters of your parents
Your lineal descendants (including spouses)
Lineal descendants (including spouses) of your spouse
I would rather suggest you to not send it as gift rather send it as loan taken to buy the flat,
and any interest paid back to your father can be claimed as deduction from taxable salary of wife.
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Jitendra Mishra
What is turm&condition of a agri crop insorence company stablisment ?
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Penchalaiah Ravuru
My HRA is not considered. need help in getting the refund
Hi... We can Help you in getting the refund by way of filing income tax. you can call pr whats app 9718046555
WeCan Management Solutions 18 Jun 2018If this is for the current AY, then the same can be included in your ITR and then claim refund. If this is for any previous year, depending on the year, ITR revision can be considered.
CA Anand Chaurasia 18 Jun 2018Hii, Please send your detail on mail id anandchaurasia11@gmail.com.
Bagrecha Akash and Co 2 Jul 2018Hi, you can call me on this number +91 9967694668
CA Amit S 2 Jul 2018claim the exemption in the computation and claim the refund
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Guru Prasad K
A foreign person who is having business in foreign is paying salary for some people here in India for their bank account and due to this TDS is getting deducted at source...can we save this TDS by changing the way of payment? Will TDS be deducted if she is incorporate business here and then paying salary?
Hi Guru, your question is not clear. Please call or whats app 9718046555.. Will help you sure.
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