If a person is a farmer he gives his son a gift of 100,000 in cash, can he give it?
what is the minimum and maximum limit of gift in cash from relatives?
Menu
Gift from father in cash
Replies (2)
1. Yes.
2. Maximum amount by cash should be below 2 lakhs. But the donor should be able to prove its capacity along with source of the cash amount.
as per section 269ST cash transaction should not exceed 200000 ..
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
