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Provision for Gift Income For domestic & NRI GIft

This query is : Resolved 
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(Querist)
14 August 2008 Please provide the guidelines for the main points are :-
Exemption limit
Taxable Limit
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
14 August 2008 any gift received received from relatives are exempt from tax u/s 56(2)(VI)& receive from others are exempt rs 50000/- & inexcess of rs 50000/-the whole amount is taxable
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 November 2021 https://incometaxindia.gov.in/Pages/faqs.aspx?k=FAQs+on+Gifts+received+by+an+individual+or+HUF&c=0
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