Gift from relative
anshul tiwari (Student CA IPC / IPCC) (261 Points)
19 November 2019
How much amount individual can take from relatives which will not taxable
3 Replies
Pawan Vemula
(284 Points)
Replied 20 November 2019
No limits for taking gifts from relative & gift from others exempted to 50000/- per financial year if above 50000 gift from others whole amount taxble sir.....
Kapadia Pravin
(17259 Points)
Replied 20 November 2019
There is no limits for Gifts from relatives.
Relatives means what has been specified as relative under section 56.
Relatives means what has been specified as relative under section 56.
official kamalpreetsingh
(32 Points)
Replied 21 November 2019
Absolutely correct
There is no limits for Gifts from relatives.
Relatives means what has been specified as relative under section 56.
There is no limits for Gifts from relatives.
Relatives means what has been specified as relative under section 56.
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