How much cash gift can be taken from relative?
Any reporting requirement in 3CD?
Gift from relatives are specifically exempted under the act with out having any ceiling limit..
4 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 24 July 2019
But only specified relatives...
shivam gupta
(33 Points)
Replied 24 July 2019
you can take the cash gift from blood relationship only unlimited but relative is as like uncle is limit only 50000
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