The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

Is any deduction from total of the donor's income is made on giving gifts to blood relatives?


Is any deduction from total of the donor's income is made on giving gifts to blood relatives?

In India, no deduction is allowed to donor if he gives a gift to his blood relatives or others relatives or friends. So forget that idea.

i dnt know

No, not for giving blood to relatives.... or to the Red Cross or anyone else.

sorry, no taxatation releif on gifts made to relative.

Tags
  United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes   Small Business
Related information
  • I forget my pan card acknologement no?

    Its difficult but try by e-mail. at utitsl.gsd@utitsl.co.in with details of T PAN Service Center where application was submitted should be mentioned in all references. u can also contact there ...

  • It is lernt that my nme is missspelt on the net as for as my PAN is cocerned. My PAN is BDCPS7046C.?

    Your name as per PAN is "SHAKIRA ABDULGAFOOR SUNTI". If is correct, then it is OK. You cannot correct your name in the web site. It is not passable. Even I have found your name in uno...

  • What is the full form of esops?

    Employees Stock Ownership Plan

    ...
  • What is surcharge..? when it is charged..?

    It is additional tax for special purpose like infrastructure, education et. First calculate your Income tax. On the tax amount, calculate the surcharge of given percentage & add in income ta...

  • What is tax exempt status?

    A particular person, place, or thing is not subject to taxation. However, always remember that tax exempt of one tax does not automatically make it exempt for all taxes on all tax agency levels.

  • Double taxation prevention?

    If you are working in the UK for 7 months, you are treated as tax resident here as you will have spent over 183 days here. Therefore, any work carried out in the UK is liable to UK tax. However, if...

  • Why is it important to calculate the basis of each partner's interest in a partnership?

    I can't speak as to Indian tax law. But under U.S. tax law, "basis" is the tax codes' way of saying "investment" more or less. It is important to calculate the bas...

  • What is ppc objection?

    ping-pong correction objection in such cases the file is not traceable I guess this is how duplicate and triplicate applications get generated and cards issued.I took my PAN card to ICICI Bank and ...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster