Poonawalla fincorp
Poonawalla fincorp

Income tax on gift

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2015
Can gift be taxable in the hand of receiver if it is received by brother sister of parents of individual?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 December 2015 It is exempted not taxable bring gift from relatives.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
12 December 2015 https://www.caclubindia.com/forum/details.asp?mod_id=329427

Check out the file from above link. You will find the relevant details in page no 11.
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