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Realtive

This query is : Resolved 
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(Querist)
28 August 2010 Sir
The assesee received Cash Gift from Maternal uncle(Grand Father/ Nanaji, Father of assessees Mother) is taxable or exempted for the assesment year 2008-09.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
28 August 2010 YES HE IS TO BE TREATED AS RELATIVE. HENCE NOT TAXABLE. BUT A.O MAY ASK THE SOURCE OF CASH FROM Maternal uncle

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