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Gift Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 May 2011 My Daughter & Son In Law residing abroad. I have Received Rs. 10 lacs as a gift from my daughter whether it is taxable or not ? I am retired business person and have two married daughters .
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
17 May 2011 IT WILL BE TAX FREE AS PER SECTION 56
CA MANOJ GUPTA
JODHPUR
09828510543

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