Save Tax Through Gifts Se Tax Planning Income Tax Rules, Gift Deed Create

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  • เผยแพร่เมื่อ 14 ต.ค. 2024
  • 👉For Professionals Help Click Here - bit.ly/casumit
    hello friends
    in this video we have discussed Gifts and income tax Rules, Save Tax Through Gifts Se Tax Planning Income Tax Rules, Gift Deed Create #gift #gifttax #taxongift
    docs.google.co...
    Format of Gift Deed in Word Format
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    This video is merely a general guide meant for learn­ing purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.,

ความคิดเห็น • 325

  • @CASumitSharma
    @CASumitSharma  7 หลายเดือนก่อน +1

    👉For Professionals Help Click Here - bit.ly/casumit

  • @deepakkool7148
    @deepakkool7148 2 ปีที่แล้ว +4

    भाई
    बहुत ही सुन्दर प्रस्तुति है
    बहुत ही सुन्दर और सरल तरीके से समझाया है
    बहुत बहुत धन्यवाद
    !! सेवानिवृत्त अधीक्षक !!
    भारत सरकार

  • @narendersharma5089
    @narendersharma5089 2 ปีที่แล้ว +6

    एक अच्छी जानकारी के लिए धन्यवाद। आगे भी ऐसे ही जानकारी देते रहिए।

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Dhanyawad
      SHARMA ji
      Aaapka ashirwad banaye rakhe
      🙏🙏😊

    • @lakshmirao2482
      @lakshmirao2482 8 หลายเดือนก่อน

      ​@@CASumitSharmaHello Sumit Sir
      How to Open FD on Father or Mother's Name with less than 50K under Section 56(2)(x) is it like Just adding Nominee or we have to go to Bank and ask for FD on Parents Name as Gift? Can we do Online in Net Banking or YonoSbi Please Comment Sir

  • @ramanpreet3213
    @ramanpreet3213 2 ปีที่แล้ว +4

    all doubts cleared on Gift and income tax
    thanks sir

  • @rajasingh-cw6hj
    @rajasingh-cw6hj 2 ปีที่แล้ว +2

    bot vadiya jankari sharma ji

  • @ranjeetsinghkhalsa2346
    @ranjeetsinghkhalsa2346 2 ปีที่แล้ว +6

    VERY HELPFUL VIDEO

  • @bishnoiaamra4980
    @bishnoiaamra4980 2 ปีที่แล้ว +6

    great going sharma ji keep it up

  • @NavjotSingh-yq7xn
    @NavjotSingh-yq7xn 2 ปีที่แล้ว +5

    Great explanation

  • @vikashsrivastava7500
    @vikashsrivastava7500 2 ปีที่แล้ว +2

    bahut khoob sir

  • @tanyaaggrwal3564
    @tanyaaggrwal3564 2 ปีที่แล้ว +2

    Very useful techniques of tax saving

  • @nilam563
    @nilam563 2 ปีที่แล้ว

    काफी मेहनत से बनाए गए इस विडियो के लिए बहुत-बहुत बधाई, गिफ्ट से संबंधित सारी जानकारी मिली, आपको बहचत-बहुत धन्यवाद।

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Thanks hukam singh ji 🙏🙏

  • @shrikantchauhan1543
    @shrikantchauhan1543 2 ปีที่แล้ว +5

    Very nice Sir

  • @nehaagrawal5317
    @nehaagrawal5317 2 ปีที่แล้ว +6

    Great job👍👍

  • @subrotomookerjee4223
    @subrotomookerjee4223 2 ปีที่แล้ว +3

    🙏 for sharing your great suggestion

  • @akshajmittal851
    @akshajmittal851 ปีที่แล้ว +3

    Giving examples is an excellent thing, keep going.

  • @shreyamotwani1132
    @shreyamotwani1132 2 ปีที่แล้ว +6

    wonderful learning as usual from you sir

  • @shreyatiwari2000
    @shreyatiwari2000 2 ปีที่แล้ว +3

    Well explanation sir 😇😇

  • @himachaligaming6147
    @himachaligaming6147 ปีที่แล้ว +1

    God bless uh 🙏❤ You. are. so intelligent Person.... thnqq

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว +1

      So nice of you
      Thank you 🙏

  • @MohitSharma-ws4ye
    @MohitSharma-ws4ye 2 ปีที่แล้ว +5

    Congratulations sir for 50k subscribe 🎉

  • @PremJuyal-p7g
    @PremJuyal-p7g 8 หลายเดือนก่อน

    Thanku very much for giving such valuable infoamations in a simple way. Good wishes for your future.

    • @CASumitSharma
      @CASumitSharma  8 หลายเดือนก่อน

      Thanks and welcome

  • @ps20
    @ps20 3 หลายเดือนก่อน

    बहुत बहुत सुंदर बताए ❤❤

  • @rameshbhaisomabhaipatel545
    @rameshbhaisomabhaipatel545 หลายเดือนก่อน

    Thanks, very. Much.Good information

  • @subhashchander964
    @subhashchander964 2 ปีที่แล้ว +1

    Great information

  • @mangleshvaishnav755
    @mangleshvaishnav755 2 ปีที่แล้ว +2

    Sir balance sheet main gift 🎁 practical bhi batao

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Capital account credit side me entry ho jayegi simply
      Utne amount se capital increase ho jayegi

  • @dj91oo7
    @dj91oo7 4 หลายเดือนก่อน

    Hello, I have one doubt, like your example given in the video.... After this deed of money transfers is done .... Is there stamp duty to be paid ? Or registration to be done ?

    • @CASumitSharma
      @CASumitSharma  4 หลายเดือนก่อน

      No need
      It's for reference purposes

  • @priyadarshidube4957
    @priyadarshidube4957 2 ปีที่แล้ว +3

    nice

  • @GokuSaiyyan0007
    @GokuSaiyyan0007 2 ปีที่แล้ว +2

    Sir mere pe service gst hai toh usai m online selling ke liye use kr sakta hu koi dikat toh nhi hogi

  • @RATAN_BHUIYA
    @RATAN_BHUIYA 2 ปีที่แล้ว +2

    Sara doubt clear ho gya hai sir bs ek doubt or clear kr dijiye.... 2019 me mere pita ji 10lakh mere naam se fd kiye the uska kya ab gift deed bna sakte hai...?? reply jarur de?

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว +2

      Hnji ab banwa sakte ho
      Future reference k liye

    • @RATAN_BHUIYA
      @RATAN_BHUIYA 2 ปีที่แล้ว +1

      @@CASumitSharma Dhanyawad sir ji🙏🙏

  • @AKUMAR-cg1vw
    @AKUMAR-cg1vw 2 ปีที่แล้ว +3

    V nicely described n explained the needful n tax planning topic. Many many thanks for the same. We will be always eager to get essential topics videos related to ITR in future in simple learning way.
    Regards.

  • @PremJuyal-p7g
    @PremJuyal-p7g 8 หลายเดือนก่อน

    Thanku very much for giving such valuable information. God bless you. O . K.

  • @advocategoyal7298
    @advocategoyal7298 2 ปีที่แล้ว +5

    🙏🙏🙏🙏🙏

  • @abhisheknath1740
    @abhisheknath1740 2 ปีที่แล้ว +2

    How would we understand if my itr has been successfully processed?

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      You will receive mail and msg regarding the same
      Rest you can Check the status by loging the portal

  • @maziz6237
    @maziz6237 11 หลายเดือนก่อน

    Appreciate the details. Thanks.

    • @CASumitSharma
      @CASumitSharma  11 หลายเดือนก่อน

      Glad it was helpful

  • @ZahidAli-ie9vd
    @ZahidAli-ie9vd ปีที่แล้ว

    Very good

  • @kinzaandfizan8393
    @kinzaandfizan8393 2 ปีที่แล้ว +2

    Mera sala kya mujhe ya mere father mother ko property gift kar sakta he 80 lakh ki property h. Lene ya dene par koi tax lagega.. Aur agar gift me mili property bechenge to koi tax dena hoga.. Sir plz reply zarur karna

  • @aksl0007
    @aksl0007 ปีที่แล้ว

    good work done sumit ji...
    i have few question...
    (1) Gift deed kab bana saktay hai .....amount transfer karnay se phelay (prior fund transfer) ya fir payment karnay k baad (and if yes, then after how much time (maximum limit) ) after the payment is done) ....is there any guideline on this...... which one will be rightful. as per tax concern..
    (2) Suppose i have to transfer 10 lacs (from my legal saving account) to my mother account as iam a salaried person and income falling above 30% tax bracket and want to reduce tax my liability and my mother is senior citizen and only taking pension of rs.15000 per month of my late father. and have no other income...... (so her mother yearly income will become Rs.1,80,000). Further iam transferring 10 lacs to my mother account....and then make a fd from the money received in my mother account. now my mother yearly income become 10.70 lacs (10 lacs+70,000) assuming 7% interest on fd amount.
    Now my question is , if After 2 to 3 years (or the case may be) i require/want this principal money and interest earned back to my own account then what will be the procedure. Can i simply transfer the principal amount & interest earned from mother account to my account or i have to make a gift deed again ...plz guide on this matter. Waiting for ur valuable response.. thanks....

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      1. No such timeline defined
      Better to write Gift deed on the date of transfer if possible

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      2. Make Gift deed again
      Or take amount as Loan

    • @sinless5315
      @sinless5315 ปีที่แล้ว

      @@CASumitSharmaso i have to make a gift deed again in case if want my money back to my account. in that case the donor (earlier me now my mother) donnee title (earlier my mother now me) will reverse naa in gift deed
      .....is there is any restriction or any duration limit on the creation of 2nd gift deed from the time when i have made the first gift deed.
      Means after how many time (days/month/year) can i make the the another gift deed for transferring money from my mother account to mine account from the date when 1st gift deed was made.
      Also is there is any validity limit (duration limit) of these type of amount gift deeds ...
      plz help...

  • @vilasbhalerao3574
    @vilasbhalerao3574 2 หลายเดือนก่อน

    Very nice sir

  • @nikitagawde
    @nikitagawde ปีที่แล้ว

    Thanks for insights on this matter...
    But I have one que...what if Brother "A" gifts money proceeds from sale of his agricultural land to brother "B"...and then after some period, brother B is transferring his piece of agricultural land to Brother A....then in this case , does gift deed required for the money transfer which took place at first ?

    • @CASumitSharma
      @CASumitSharma  6 หลายเดือนก่อน

      Always recommend to make gift deed

  • @pradipkumarsaxena
    @pradipkumarsaxena 8 หลายเดือนก่อน

    अच्छी जानकारी देने के लिए धन्यवाद। कृपया बतायें कि क्या ये विवरण मेरे द्वारा मेरे आस्ट्रेलिया में रह रहे पुत्र के वहाँ के बैंक एकाउंट में 15-20 लाख भेजने पर भी लागू होगा?

    • @CASumitSharma
      @CASumitSharma  8 หลายเดือนก่อน

      Yes

    • @pradipkumarsaxena
      @pradipkumarsaxena 8 หลายเดือนก่อน

      कृपया एक बात और बतायें कि अगर मैं आस्ट्रेलिया में अपने पोते पोती को उनके जन्मदिन आदि पर 40-50 हजार की गिफ्ट, अपने पुत्र के आस्ट्रेलिया के बैंक एकाउंट में भेजूं, तो भी ये नियम ही लागू होंगे और यह अमाउंट भी टैक्स फ्री होगा.. 1 साल में कुल 50 हजार की छूट की सीमा तो इन पर लागू नहीं होगी? धन्यवाद

    • @CASumitSharma
      @CASumitSharma  8 หลายเดือนก่อน

      Not applicable on relative

    • @pradipkumarsaxena
      @pradipkumarsaxena 8 หลายเดือนก่อน

      Sumit Sharmaji aapka bahut bahut dhanyavaad bahut saral bhasha me samjhane ke liye. Kripya 1-2 small issues aur clear/confirm kar dejiye. (1) Mai apne son aur daughter-in-law dono ko ek hi samay par apne SB a/c se, say 10L each GIFT dono ko unke different Australia ke Bk a/c me bhej sakta hu kya. Is it ok? (2) Son aur daughter-in-law, dono ko 10-10L gift LRS scheme me alag alag bhejne par, DONO KE LIYE, 7L tak ka TCS exemption MUJHE mil jayega kya? I mean mujhe total 20L me ONLY 6L par 20% ie 1.20L TCS dena parega aur yeh 1.20L TCS, mere ITR ke through tax calculations me ADJUST ho jayega. Is my thinking is correct? PLEASE REPLY/CONFIRM SURELY. As they need some money there. Thanks a lot

  • @manojmaheshwari1816
    @manojmaheshwari1816 4 หลายเดือนก่อน

    Sir 🙏,sir discription box se gift deed ka performa delete ho gya h,kya aap muje yeh performa de sakte h?
    Aapka bahut bahut dhanyawad 🙏

    • @CASumitSharma
      @CASumitSharma  4 หลายเดือนก่อน

      Send your email id

  • @rameshvichare3079
    @rameshvichare3079 ปีที่แล้ว

    Question :-Father having property as a Plot and a flat. He wants to sell both and the money obtained by selling, he wants to GIFT it to his grandson for his education in abroad. The capital money received by father after selling the property and wich he is going to gift to his grand son, will be taxable to the father ?

  • @akkudiary1138
    @akkudiary1138 ปีที่แล้ว

    Hello, i am facing one tricky case from one of my client. Case is like that he has received Gift deed from one of his non-relative (plot of land of value 35lacs bought by doner in F.Y.2000-2001) in F.Y.2017-2018 which he sold in the same financial year. But not filed ITR for the same, now he received IT notice for the same notice date 08-02-2023. Here my concern is shall we challenge the notice simply by saying time barred since amount considered in my opinion is less than 50 lacs. But IT is saying it is 70 lacs considering 35lacs as capital gain as well ...My challenge here is if IT tax for the Gift deed than there will be no captial gain and if they ask for captial gain than Gift deed tax wont be there..In either case amount should be less than 50 lacs and notice should be time barred. Please provide your valuable opinions

  • @RATAN_BHUIYA
    @RATAN_BHUIYA 2 ปีที่แล้ว +2

    Sir ji bs ek help or kr dijiye ek doubt or clear kr dijiye....mere pita ji 2019 me retire huye the to 15 lakh unhone Senior Citizen savings Scheme fd me invest kiya tha.... Scss me to 80c ka benifit milta hai 1.5 lakh ka.... Fy 2019 20
    Aur fy 20 -21 me hmara 5 lakh income km tha isliye us time hmne 80c benifit nhi liya tha par ish sal fy 21 -22 me 5 lakh se income jada ho raha hai to kya ish sal hm 80c ka benifit claim kr sakte hai?
    Bs iska jabab de dijiye sir?

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Dear jis year pesa invest kiya hai usi saal hi aap deduction le sakte ho
      Next year nahi

    • @RATAN_BHUIYA
      @RATAN_BHUIYA 2 ปีที่แล้ว +1

      @@CASumitSharma acha sir... mmy papa ka jaise clubing income hai mmy bhi ish sal senior citizen ho gai hai to ish sal agar mmy ka scss me invest krte hai to agle sal jo fy 22 23 ka itr file hoga usme to 80c deduction papa claim kr sakte hai ki nhi?

    • @RATAN_BHUIYA
      @RATAN_BHUIYA 2 ปีที่แล้ว

      Please reply sir?

    • @PremSingh-fk8ow
      @PremSingh-fk8ow หลายเดือนก่อน

      @@RATAN_BHUIYA if I tax depptt assumed as clubbing for mummy and pappa. Automatically he can vail 80 c rs150000

  • @muzammilnaeem7041
    @muzammilnaeem7041 2 ปีที่แล้ว

    Sir hamnay manufacturer se 18% igst pay Kar ke goods purchase kiya.
    Export purpas se sample bhejne ke liye Kiya hamay non-commercal invoice Mai 18%igst include karna hoga igst ka refund lene ke liye.
    Please reply sir 👍

  • @sk27812
    @sk27812 ปีที่แล้ว

    Very informative video.
    Wanted to know if in a bank father and daughter have a joint account in which the father's name stands first, if due to the father's demise, the amount received by the daughter will be taxable.

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Not taxable

    • @sk27812
      @sk27812 ปีที่แล้ว

      @@CASumitSharma thank you 🙏

  • @ankushchauahn6628
    @ankushchauahn6628 ปีที่แล้ว

    Sir loan deed kya baad me bhi bn sakti hai please reply

  • @shrikantchauhan1543
    @shrikantchauhan1543 2 ปีที่แล้ว +2

    Cash mai kitna gift le sakte h, relative and non relative se

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว +1

      Realtives se up to 2 lakh
      Non relative se up.to 50,000

    • @PremSingh-fk8ow
      @PremSingh-fk8ow หลายเดือนก่อน

      Less then 50000 from non relative. No limit for relative

  • @chinmayp00
    @chinmayp00 2 ปีที่แล้ว

    The point which you said about loan or swiping credit card for a friend, say ₹50,000, do I need to show that amount as exempted income?

  • @fulgainshastri
    @fulgainshastri 3 หลายเดือนก่อน

    Mujhe mere real uncle and aunt ( father's brother and his spouse) se neft ke dwara gift ke roop me mila hua paisa
    taxable hoga ya nahi .kya es gift ki koi limit hoti Hai?

  • @Ajay-px5oz
    @Ajay-px5oz หลายเดือนก่อน

    Can I transfer money to my son as a gift to the joint account of donor and donee (myself and my son)
    Secondly tax laiability of whose in the joint accounts

    • @CASumitSharma
      @CASumitSharma  หลายเดือนก่อน

      Primary holder whose pan card is given in bank
      Better to use another Bank account

  • @sumitlehri5704
    @sumitlehri5704 ปีที่แล้ว

    if Karta gifts share to huf and huf sells those shares..will huf be responsible for paying cg on sale of shares?

  • @shrikantchauhan1543
    @shrikantchauhan1543 2 ปีที่แล้ว

    Sir plz tell me fixed assets purchase ke liye kitna cash payment kar sakte ek din mai aur kya rule h

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว +1

      Up to 2 lakh per transaction

  • @funnyvideo-oj3uo
    @funnyvideo-oj3uo หลายเดือนก่อน

    सर हमने ऐक टेनामेन्ट मेरे बडे बेटे के नाम पर लिया था जिसमें परिवार की सभी सदस्यो की आय से लिया था,अब ईस टेनामेन्ट का सेटलमेन्ट डीड बना कर छोटे भाई को देना चाहते है तो ईस पर क्या स्टेम्प ड्यूटी भरनी पडेगी? अगर हा तो कितनी स्टेम्प ड्यूटी होगी कृपया मदद कीजिऐ

    • @CASumitSharma
      @CASumitSharma  หลายเดือนก่อน

      For stamp duty better to contact registrar office

  • @samaira8083
    @samaira8083 ปีที่แล้ว

    My dear Sir Ji kya gift deed peisa dene ka ek saal baad bhi Notry karba sakte hain please reply me, thanks a lot and God bless you and your family members ❤️

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Yes its for reference purposes
      You can notarized it later too

  • @sureshsonar8089
    @sureshsonar8089 ปีที่แล้ว

    महोदय ,चाचा अपने भतिजे को अचल मालमत्ता बक्षीस पत्र के जरीये बिना रजिस्ट्रेशन व स्टॅम्प ड्युटी के दे सकते है क्या? कृपया खुलासा करे ! धन्यवाद.

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Registration is the only way to transfer the immovable property

  • @saurabh2347
    @saurabh2347 ปีที่แล้ว

    Agar hum grandmother ke bank account mein paise transfer kare aur uss paise ko fd mein lagake interest earn kare aur baad mein fd mature hone pe uss amount ko wapas apne bank account mein transfer karde.....iss poore case ki tax implication batae.....

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Depend gift hai ye loan .
      Grandmother ki income me add hoga interest and pesa deke wps le rhe ho to as a loan ho gyaaa

  • @ASen03060
    @ASen03060 2 ปีที่แล้ว

    Dear Sir. I & my wife had a joint f.d.in a bank account in joint name,which have matured recently and we got Rs.4 lakhs credited to our bank account. Now we want to gift that Rs.4 lakhs(2 lakhs I, and 2 lakhs my wife) to our daughter aged 20 years by gift. We both are not tax filer,as our gross total income is below the thresshold limit i.e.below Rs.3 lakhs,as I am a senior citizen. Now we have 3 questions sir, No-1, You have said in the first point of gift deed draft,that I have to write that I am an assessee under income tax act and my pan no.is this that, but we are not assesee,as we have not filed income tax file,then what we will write here? No.2, if we have to make separate gift in separate stamp paper, or in a single stamp paper as we -&-are solemnly declare etc, and signing by both of us in a single stamp paper? No-3, Wheather gift deed & notary will be made before giving the cheques to my daughter or on the same day, or after giving the cheques, if after giving the chques we can do the notary, within how much days of payment we have to make the deed & notarised?

  • @tanuchatterjee1942
    @tanuchatterjee1942 ปีที่แล้ว

    Sir 87 A per ak video baniya

  • @sheelakar8794
    @sheelakar8794 2 ปีที่แล้ว

    Sir mai ak flat bech rahi hu bikne par Rs. 21 lac mil raha hai ye long term gain hai aur mujhe ye pure paisa meri nieceko dena hai jo needy person hai kyoki unke husbandki job chali gai aur unhe EMI bharne parte hai Rs. 60000/- per month. Pu
    ra paisa gift dena hai to is per kya tax lagegi please bataiyd.

  • @jiturana8064
    @jiturana8064 ปีที่แล้ว

    Thank you sir

  • @PradeepSingh-ss8iz
    @PradeepSingh-ss8iz 2 ปีที่แล้ว +2

    Sir my last year itr2 still showing under processing what shoul i do

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Check any compliance pending?
      Otherwise need to raise a greviance on portal

    • @shalvilakhani4209
      @shalvilakhani4209 2 ปีที่แล้ว

      @@CASumitSharma ù

  • @lifeexplorer-drkbparmar5080
    @lifeexplorer-drkbparmar5080 2 ปีที่แล้ว +1

    Please clarify whether section 87A (12,500 Rs rebate on 5 lakh income) is applicable in case of HUF or not?

  • @abhilok123
    @abhilok123 2 หลายเดือนก่อน

    mutual fund gain could not come in final gross salary of employee we have to fill itr 2 !!

    • @CASumitSharma
      @CASumitSharma  2 หลายเดือนก่อน

      MF redemption need to report in capital gain head

  • @VijayKumar-st3vp
    @VijayKumar-st3vp 2 ปีที่แล้ว

    Namaskar Sir, meri mataji ne registered willpower banakar 3 alag alag property mere naam ki hai, inme se ek house hai jispe hum sapariwaar rahate hai baki 2 property plot ke rup me hai, ve ishwar ki kripa se swasth ev jivit hai,
    aur inn 2 plot wali property ko bechkar milne wale cash ko mujhe dena chahati hai, kya ese me willpower ki koi value rahegi ya fir new gift deed duara cash mataji mere naam karegi, ,plot sale out hone ki situation me rihaayshi wali property will power me bachegi kya Willpower maanya rahegi?

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Plot sale out ka paisa agar aapke account me aa rha hai and plot k on record owner aap the to no need to do any formalities
      If amount is coming From your mataji route then better to make q gift deed

  • @shekhardanodia8430
    @shekhardanodia8430 ปีที่แล้ว

    Sir , wife ko plot gift krne and uss plot par construction krne ke baad ,ho rahi rental income par tax kiska count hoga , husband ka ya fir wife ka ,

  • @saratchandrabadajena4006
    @saratchandrabadajena4006 2 ปีที่แล้ว +1

    Thank you sir. Please assist me, if l receive cash against sale of one of my TATA truck worth Rs. 15lakhs,(transactioned through notarized sale-agreement , but mode of payment is cash) & the same I will show in my IT-Return. Is there any problem receiving the said ammount of cash. The party not able to pay in once, asking to pay in few-month, after that the ownership will be changed.

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      There is definately problem of getting cash more than 2 lakh rupees from.per person and per transaction

  • @siddharth9363
    @siddharth9363 7 วันที่ผ่านมา

    Government employee ipo ke share gift me de skta h kya

  • @jayantabhattacharjee2514
    @jayantabhattacharjee2514 8 หลายเดือนก่อน

    If I make any gift deed and transfer all my retirenent corpus to my wife, then all earning generated by those invested amount; who should be theliable to pay Income Tax ?
    Please reply.
    Have a *Good Day Sir*

  • @bibhutibhusanbhoi6217
    @bibhutibhusanbhoi6217 ปีที่แล้ว

    Very nice sir...

  • @sheetalupadhyay9730
    @sheetalupadhyay9730 ปีที่แล้ว

    Sir please bataye ki mujhe (daughter)apni mother ko 1200000 value ki flat gift krna h to kya flat ka title change ho jayega....aur kya mother ko koi tax pay krna hoga. Aur Agar in future vo mujhe ise vapos krna chahe to revoke ho jayega.....stamp charges kya honge

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Daughter can give gift to mother without any restriction
      Registration charges need to confirm with local authorities
      In future you can again take it as gift

    • @sheetalupadhyay9730
      @sheetalupadhyay9730 ปีที่แล้ว

      Thanks sir....is it taxable for mother

  • @gtgmish
    @gtgmish 9 หลายเดือนก่อน

    After gifting the amount to my parents, in which section of income tax I can show it to avoid tax.

    • @CASumitSharma
      @CASumitSharma  9 หลายเดือนก่อน

      No need to show in donor's ITR
      Unless it's business ITR

  • @neelashsharma5920
    @neelashsharma5920 10 หลายเดือนก่อน

    Sir ji Does gift given of 10 lakh by son to his mother for property purchase is taxable or not

  • @sujitkumarsahu7119
    @sujitkumarsahu7119 2 ปีที่แล้ว +2

    Sir main agar mere mother ke mammi ya papa se gift leta hoon tho wo tax free hai?❓❓

  • @sansarsinghthakur4434
    @sansarsinghthakur4434 ปีที่แล้ว

    Sir, Can gift deed be made after giving gift transaction on later date? Please clarity.

  • @VibesofIndiaAi
    @VibesofIndiaAi 7 หลายเดือนก่อน

    Sir mere friend ne mujhe sep 2023 me 1 day ke gap me ( Neft ) ke through paisa transfer kiya jiska ammount hai ( 25 sep ) ko ( 450000 lakh ) or (27 sep ) ko (400000 lakh )... total 850000 lakh Jisme se maine 250000 lakh apne saving account me rakha hai or 600000 lakh maine Post Office Me NSC me fix kar diya hai.
    Friend jo hai mera wo paisa wapas nhi lega matlab lega 4 se 5 saal baad ...
    To kya mujhe ITR file karna jaruri hai sir
    or jaruri hai to kitna tax dena hoga sir
    Plz help

    • @CASumitSharma
      @CASumitSharma  7 หลายเดือนก่อน

      Loan WPS dena hai
      On account Entry hai to no need to show this amount in income..
      Just show Income earned from these funds..
      Tax is need to pay as per slab rates
      If this is Gift then need to show under income From other sources

  • @tanuchatterjee1942
    @tanuchatterjee1942 ปีที่แล้ว

    Sir ager kisi na apni wife ko gift ma kohi fd deya tha lakin wo fd ka interest uska hand mein club ho raha haa is case mein uski wife agar uski major son ko wo amount gift da ga to wo amount Kiya uski son ka hand mein taxable Hein ...........

  • @sabitribapari2298
    @sabitribapari2298 2 ปีที่แล้ว +1

    My annual income from salary 15 Lacks. Now I am giving income tax 2lack.
    If I give gift 5 Lacks to both mother &father (they are dependent on me) every year then what will be my income tax ?? Nil??

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Your income tax will be as it is
      As you told 2 lakh
      Giving funds to family members doesn't provide any tax benefits

  • @AS-tc1qe
    @AS-tc1qe 8 หลายเดือนก่อน

    If I want to invest the amount in my mother's name (in FD, stock market, etc.), can I also show the amount as loan instead of gift? Is any documentation required for such loan if it is transferred via bank?

    • @CASumitSharma
      @CASumitSharma  8 หลายเดือนก่อน +1

      Yes loan cal also be given
      No such documentation required for that

  • @MukeshSoni-et7qr
    @MukeshSoni-et7qr ปีที่แล้ว

    Mother ko unke vivah par 1966 me alag -2 relative se gold jewellery mili thi
    abhi muje gold jewellery di he by sapath patra bana kar without notary kya ye IT department accepts karege

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Better to write Gift Deed for future references

  • @manishsahay1400
    @manishsahay1400 ปีที่แล้ว

    Dear sir,
    One of my client did transfer sum of Rs 800000 to his wife account (doing no work not employed anywhere). After received wife made the F.D of Rs 500000 on her name & Rs300000 invested in share market with her PAN.
    Now my question is interest and capital gain is taxable in the hands of husband or wife?

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว +1

      Ofcourse in husband's name
      As per rule

  • @automobvlog_
    @automobvlog_ 7 หลายเดือนก่อน +1

    document link is not working

    • @CASumitSharma
      @CASumitSharma  7 หลายเดือนก่อน

      Do you want that pdf?
      Send your email id

  • @BMGupta-du1tc
    @BMGupta-du1tc 2 ปีที่แล้ว

    Thanks

  • @akdas03
    @akdas03 ปีที่แล้ว

    Gift of Post Office Cheque 1.5 L from Mother to Daughter or Brother to Sister is taxable or not?
    Then, she made NSC through the amount, tax liability? (Daughter/Sister or Mother/Brother)

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Tax free

    • @ashokadas79
      @ashokadas79 ปีที่แล้ว

      So there,, gift amount will be taxed under mother or daughter's hand?

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      @@ashokadas79 no

    • @ashokadas79
      @ashokadas79 ปีที่แล้ว

      And clubbing income by nsc, as it also a 80c investment

  • @sk27812
    @sk27812 ปีที่แล้ว

    If the mother wants to give her jewellery to her daughter and granddaughter, what procedure should be followed.

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Make sure to create a gift deed along with valuation certificate from a jeweller and pictures of the ornaments for future reference

    • @sk27812
      @sk27812 ปีที่แล้ว

      @@CASumitSharma Thank you for your advice 🙏

  • @varsharani4486
    @varsharani4486 ปีที่แล้ว

    Respected sir mai apni retirment money mai se apni beti ko rule ke hisab se cheque se maximum kitne lakh tak de sakti hu sir pl reply jarur kare it is urgent

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Jitna pesa hai sara de sakte ho

  • @mayurgandhi1589
    @mayurgandhi1589 2 ปีที่แล้ว

    Sir can I give gift to huf? Yes or no? Can I give gift to huf after creating huf gift by cash and than give gift shares from my personal account to huf account? Yes or no? Is it tax-free or taxable? Any other way if available please guide me. Thanks sir. Please reply by whatsapp or Mai sir. Thanks sir.

  • @nikhildwivedi4467
    @nikhildwivedi4467 2 ปีที่แล้ว

    Nephew gift to bua worth 3.54 lakhs
    Principle value 2.40 +intrest 1.14 lks
    Through postoffice cheque and bua age 64 so in this condition gift are taxable or taxfree
    Note .they both in same resident .and both are file ITR

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว +1

      Hi Nikhil
      As per my understanding
      Bhua nephew arw not related in income tax

    • @nikhildwivedi4467
      @nikhildwivedi4467 2 ปีที่แล้ว

      @@CASumitSharma so whom are liable to pay tax i think always tax on taker side allowed . I think i am right as per tax slab

    • @nikhildwivedi4467
      @nikhildwivedi4467 2 ปีที่แล้ว

      @@CASumitSharma hi sumit ji namaste .

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว +1

      Namste Nikhil bhai

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว +1

      Yeah Gifr receiver have to pay tax accordingly

  • @RaghunathKondekar-s7x
    @RaghunathKondekar-s7x หลายเดือนก่อน

    How to my my demat ac.shair to my daughter. Pl.explaition.

    • @CASumitSharma
      @CASumitSharma  หลายเดือนก่อน

      Through broker
      Better take detailed information from broker

  • @Afzal883
    @Afzal883 2 ปีที่แล้ว

    Sir an assesse have received gift wort RS 1270000 from his grandfather in form of cash which he deposited to the bank in cash.. Now the e compliance notice came and the reply filed is gift from father for married daughter is exempted??? Sir will I get any notice in future plz clarify sir...??

    • @CASumitSharma
      @CASumitSharma  2 ปีที่แล้ว

      Yes exempted
      No notice will come

  • @gajananbari5211
    @gajananbari5211 5 หลายเดือนก่อน

    Sumit sir Maine meri wife ko Jo stock gift kiya hai unki amount Mia mere itr me kaha show Karu

  • @EmpOfDarkness
    @EmpOfDarkness ปีที่แล้ว

    Hi Sumit, if I create a gift deed and transfer surplus amount on the name of my parents, will it give any tax benefit to me? Will the surplus amount deducted from my taxable income .. ?

  • @kishorjaiswal-wd9ei
    @kishorjaiswal-wd9ei ปีที่แล้ว

    sir maine meri daughter ke zerodha dement account se 8 lakh ke shair gift ke rup me mere zerodha demant account me gift shair transfer kiya hai so mughe 8 lakh per tex lagenga kya

  • @krishnapaltiwari1939
    @krishnapaltiwari1939 3 หลายเดือนก่อน

    Gift dene vala itr me kis section me rebate lega .

  • @vishalbaraiya7684
    @vishalbaraiya7684 ปีที่แล้ว

    Mein company mein Naukri Karta Tha 22 Sal Naukari Karke resign Dekh Kar Jo Paisa Aaya Hai Paise Ki Ham property kharidna hai to use per text karna Nahin padega na

  • @AR-82
    @AR-82 ปีที่แล้ว

    How to repay someone's credit card payment taken 2 years back if it's 2-2.5 lac?

  • @know.it.yourself
    @know.it.yourself 6 หลายเดือนก่อน

    Sir ji
    Please explain
    I followed every thing you said here
    I did proper loan agreement with my ससुरजी
    But I took cash in hand 5 lakh and deposited in my account
    Is it ok
    Please help

    • @CASumitSharma
      @CASumitSharma  6 หลายเดือนก่อน

      Loan in cash not allowed

  • @MP-lb1bv
    @MP-lb1bv ปีที่แล้ว

    Gift deed ke liye stamp paper kitne ka lena chahiye?

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Normal koi b lelo
      Ya local tehsil se confirm krlo
      Depend amount of gifts kitni hai

    • @MP-lb1bv
      @MP-lb1bv ปีที่แล้ว

      @CASumitSharma immovable property...say Rs.2 cr.Then stamp duty is same as stamp paper value?

    • @MP-lb1bv
      @MP-lb1bv ปีที่แล้ว

      @@CASumitSharma in Gujarat

  • @pradipdey2318
    @pradipdey2318 2 ปีที่แล้ว

    Kisi 90 percent disabled person ko kitna amount gift me de sakta kai, total amounts ka taxable hoga please explain.

  • @sks3375
    @sks3375 ปีที่แล้ว

    Bhai ji kya bank transfer se 5 lakh rupees maine apne brother in law ko gift diya.. Eske liye gift deed paper par bana le ya fir stamp paper par banwaye....Kitne ka stamp paper use kare please reply....Bhaji ji jaha par registery nahi hoti hai property ki waha par family members mutually hi agreement bana lete hai stamp paper par aur kisi ek member ke naam property kar dete hai aur notorized kara lete hai kya wo valid hai...

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Gift deed to amount of gift pe and local state ki registration charges pe depend krta hai
      100 ka lelo 500 ka lelo
      But. Better to create it

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Property ki registry krwaoge to jyada valid rehega mamla

  • @milanvidaja8688
    @milanvidaja8688 ปีที่แล้ว

    Sir my relative has 40 lakh fd in his bank.and he falls under 20% slab. can he transfer 5 lakh to his son to minimize tax. Is gifting is necessary in that case?

    • @CASumitSharma
      @CASumitSharma  ปีที่แล้ว

      Yes By Gifting amount tax can be saved
      Keep clubbing provisions in .mind