Cash received above 50000 from son
This query is : Resolved
25 February 2013
Hi all
If father received cash above 50000 from his son. whether it is taxable or not?
Thanks
If father received cash above 50000 from his son. whether it is taxable or not?
Thanks
25 February 2013
No, as per sec 56(2) a relatvie can give gift
25 February 2013
Thank you very much sir.
17 August 2023
Avoid cash transaction.
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