Tax Q&A

Taxation of Gifts & Arrears

Often we wish to invest for our children's education and marriage. This time we unfold the tax implication of making investments in the name of children. And also whether can one claim tax rebate for arrears invested in tax-saving schemes

1. Children's future I have two children, aged 10 and 12. For the purpose of their higher education and marriage, I wish to keep some amount invested

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