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vasudevan rajan   06 January 2017

Gift deed

Hi all Hope to get a good advice from this forum I am going to retire in the month of march 2017. I want to gift cash cheque out of my retirement pf and gratuity amount to my son and daughter in law how to go about can any deed has to be made is it comes under income tax rules ie anty tax liability is there for that amount is gift tax is applicable please answer me


 3 Replies

adv.bharat @ PUNE (Lawyer)     06 January 2017

To Which state do u belong?

 

Gift deed must be registere. No tax liability for gift to blood relation.

vasudevan rajan   17 January 2017

I belongs to tamilnadu

vasudevan rajan   17 January 2017

I belongs to tamilnadu

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