GIFT IN CASH FROM FATHER
This query is : Resolved
27 May 2010
dear sir
Gift of Rs. 1 lakh recd by me in cash from my father. Is this chargeable to gift tax to me ?
thanks in advance.
anckoora
Gift of Rs. 1 lakh recd by me in cash from my father. Is this chargeable to gift tax to me ?
thanks in advance.
anckoora
27 May 2010
NO , GIFT RECD FROM RELATIVE IS NOT TAXABLE.
27 May 2010
AGREE. NOT TAXABLE.
27 May 2010
fully exempt
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