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Fund transfer by parents

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(Querist)
30 July 2019 If my mother or Father in Law transfer money from their Bank A/c to my Bank A/c. Whether the same is taxable to us or not? Kindly enlighten the consequences.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 July 2019 It will be treated as gift from relatives exempt from tax.
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Partha Mukherjee

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Partha Mukherjee (Querist)
30 July 2019 Thank you so much sir
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