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Is Gift From Father To Daughter Taxable In India?

January 24, 2024 by Ahmed Ali

Is Gift From Father To Daughter Taxable In India? As per the law, as it stands today which was amended in 2017, gifts received by any person by any person or persons are taxed in the hands of the recipient under the head ‘Income from other sources‘ at normal tax rates. Can father transfer money

What Can I Do With My Kids Birthday Money?

January 24, 2024 by Maria LaPaige

What Can I Do With My Kids Birthday Money? Set up a custodial IRA for the child and invest the money (note that child must have earned income in order to have an IRA). Set up a 529 Plan for the child’s education and invest the money. Set up a Coverdell Education Savings Account and