Someone receives 1.25 lakh as gift for daughters marriage from her sister, will this be taxable?
sabyasachi mukherjee
(27107 Points)
Replied 05 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 05 June 2022
sabyasachi mukherjee
(27107 Points)
Replied 05 June 2022
MPR Sanjay Kumar
(3098 Points)
Replied 05 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 05 June 2022
Relative here means:
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In case of an individual-
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CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 05 June 2022
Cmpletely exempt as granddaughter covered under defination of relative.
MPR Sanjay Kumar
(3098 Points)
Replied 05 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 05 June 2022
If received from friend then taxable
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 05 June 2022
If received from friend then taxable
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