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tax implication in case of money received in $ from relative

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(Querist)
02 April 2009 what if i get money in $ as gift from my relative in exceess of Rs.50000
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CA JAIMIN TRIVEDI

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CA JAIMIN TRIVEDI (Expert)
02 April 2009 If you are getting gift from a relative, then there is no tax liability even if exceeds Rs.50000. Rupees or dollars does not matter in any case.
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Sanjay Soni

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Sanjay Soni (Expert)
04 April 2009 agreed
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