can mothers mothers give gifts of money through cheque?i.e. in hindi can 'Nani" give gift by cheque to 'dohitri'(daughters daughter).is it covered under close relative?
shail (law) 23 May 2009
can mothers mothers give gifts of money through cheque?i.e. in hindi can 'Nani" give gift by cheque to 'dohitri'(daughters daughter).is it covered under close relative?
saravanan (articled assistant) 06 June 2009
yes. it is covered under section 56 of the income tax act 1961 as "lineal ascendant or descendant of the individual"
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