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Gift Tax
by Shashank on Apr 20, 2007 02:35 PM

1.If a parent gifts a house to his/her son who is a tax payer, will it be exempt from gift tax /
2.My mother's PPF has just matured. She wants to gift it ti her son who is a tax payer. Will this amount be added to the taxable income of her son?

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The above message is part of the Discussion Board:
All these incomes are tax-free