POSTED BY July 14, 2012 9:21 am COMMENTS (5)ON
I had gifted Rs 10 Lacs to my daughter ( above 18 years & annual income less than 1L ) during financial year 2011 – 12 . I will need this money back during financial year 2012-13 . My income is always taxable . I want to know what will be my liability in such case ?