Cash gift from brothers wife
This query is : Resolved
05 December 2020
I.t.assess cash gift from brothers wife (vadina) Rs:13 lacs through on bank mode .
Question:
Above gift transaction taxable or exempted in I.t. act.
Question:
Above gift transaction taxable or exempted in I.t. act.
05 December 2020
yes. It is tax exempt.
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