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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2013 HI...PLZ ANYBODY TELL ME .....
WHETHER GIFT RECEIVED FROM MOTHER'S FATHER IS EXEMPT OR IT WILL BE INCLUDED IN INDIVIDUALS INCOME....?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
29 August 2013 Mother's father (Nanaji) is covered in any lineal ascendant of the individual.

Accordingly gift received will NOT be taxable in the hands of the individual.

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