HI All
If gift (Cash) received from relatives (relative as per IT) amt more than 50000/- is taxable?
if NO then what is the maximum limit of the same?
Thanx.
CA. ANKUR JAIN
(CA.....)
(2800 Points)
Replied 03 May 2011
Sunshine
(Helping All)
(10575 Points)
Replied 03 May 2011
Gift of any amount from relative is not taxable .....
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