Income from other source.
This query is : Resolved
03 August 2015
Dear Expert,
Pls suggest Mr. "x" receive Rs. 235000/- from his mother in law this amount is taxable or not ????
Pls suggest Mr. "x" receive Rs. 235000/- from his mother in law this amount is taxable or not ????
04 August 2015
it is not taxable as gift from relatives are exempted from income tax under sec 56(2)
Message likes :
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04 August 2015
Dear Sir,
What is the Tax consequence / ITR situation of Mother in law.???
What is the Tax consequence / ITR situation of Mother in law.???
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