Gift received by mum father
ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)
09 October 2024
Gift received by my mother father, exempted in my hand or not . Please advise me immediately
5 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5128 Points)
Replied 09 October 2024
ANIL KUMAR KHETAN
(PROPRIETOR)
(542 Points)
Replied 09 October 2024
Please proper advise on the above matter . Not narated provision
aditya jain
(4 Points)
Replied 09 October 2024
The gift received from your mom and dad is exempt from income tax
pawar
( )
(44 Points)
Replied 09 October 2024
Anil
If you are receiving gift in the form of money (thru bank transfer) from your mother or father then you do not have to pay any income tax on it. This is gift within blood relatives and it is exempted.
ANIL KUMAR KHETAN
(PROPRIETOR)
(542 Points)
Replied 09 October 2024
Gift received daughter's son means Nana is exempted his hand or not . Please clarify the position, he is relative purpose of gift or not
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