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non relative gift limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 June 2010 gift recieved from non relative did had an limit of 50000 and above that will be taxable
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Pankaj Jhawar

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Pankaj Jhawar (Expert)
12 June 2010 If you have received more than 50000 then whole amount will be taxable. say u receive Rs. 1 lacs then whole 1 lac is taxable and not 50000
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
12 June 2010 agree
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