EASYOFFICE

Gift in cash

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 September 2013 Can we take gift in cash. In my case if i take Rs. 5 lacs cash as gift from my father without intention to return it, will it be taxable?
Profile Image

CA Parul Saxena online

Profile Image

CA Parul Saxena online (Expert)
18 September 2013 not taxable as gift received from relatives are fully exempted.......

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links