Tax implication if i Gift money to my mother ?

POSTED BY Nitin Verma ON March 19, 2013 3:04 pm COMMENTS (2)

What is the Tax implication or tax benefit  if i Gift money to my mother ?

2 replies on this article “Tax implication if i Gift money to my mother ?”

  1. Dear Nitin, if you gift to your mother, no tax saving ‘ll be there for you on the gifted amount. Once money is there with mother, it’s her capital & any income accrued on it ‘ll be taxable in her name only.

    Thanks

    Ashal

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