Can one give a gift to his son for purchase of a flat and if one can, are there any limit for such gift under the tax laws? According to a report in LiveMint, under current tax laws there are no boundation on giving gifts to any person. Whereas, in certain circumstances the clubbing provisions apply in regard to income derived by the person receiving from the gifts. In matter for gift given to daughter in law and one’s spouse, the income accruing due to the asset transferred is required to be clubbed in the hands of the person giving the gift.
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ट्रम्प, नेतन्याहू के बीच ईरान युद्ध के भविष्य पर तनावपूर्ण फोन कॉल: रिपोर्ट्स
वाशिंगटन: संयुक्त राज्य अमेरिका के राष्ट्रपति डोनाल्ड ट्रम्प और इज़राइल के प्रधानमंत्री बेंजामिन नेतन्याहू के बीच ईरान पर…
