Gift tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2013
Dear Sir,
I am Received Rs. 150000/- Gift from My Wife's Sister. This amount is Taxable?
I am Received Rs. 150000/- Gift from My Wife's Sister. This amount is Taxable?
08 February 2013
It is exempted.Wife's sister fall in the definition of relative, hence it is exempted.
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