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GIFT FROM FATHER IN LAW TAXABLE OR EXEMPTED

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(Querist)
18 June 2021 SIR,
one of the it assess cash gift from father in law Rs:1,80,000/- through on cash mode received in f.y.20-21.
Question:
above Gift transactions exempted or taxable in it act.
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
18 June 2021 Such gifts are not taxable under Income Tax Act

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