08 April 2012
Hai! All CA'S & Experts I want to know about two points mentioned below: 1. My wife has received a gift of Rs 150000/- from my father. is it taxable or not? The gift deed is necessary to maintain. 2. Is any limit of gift receiving from relatives? 3. What do you mean by relative kindly explain in detail? 4. Can I give gift to my mother or father. is it feasible under Income tax. It is urgent. Kindly reply soon. Regards Sanjay Kindly tell about full points. It is not clear. Regards Sanjay
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