Relatives

This query is : Resolved 

04 July 2014 Can I recieve a taxfree gift, in cash or kind, from my uncle's son's daughter ?

04 July 2014 No, uncle's son and daughter not covered in relatives definition.
But you can take exemption if you received gifts upto 50000 in a financial year.

https://www.caclubindia.com/forum/tax-on-gifts-received-269767.asp

05 July 2014 you can not received taxfree gift from uncle's son and daughter


05 July 2014 NO your gift is not tax free. but you tale fit up rs. 50000/- in year.



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