gift received son from dad 200000 in this case income tax will come or not.
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195233 Points)
Replied 28 November 2018
Cash or Cheque/digital mode?
keerthana paramanandam
(article assistant)
(22 Points)
Replied 28 November 2018
any gift either cash or in kind which exceeds 50000 is taxable but this is exempted if such gifts are received from relatives. Therefore the answer is NO.
Jyoti sharma
(7 Points)
Replied 30 November 2018
gift received son from dad more than 10 lakh Is it taxable or exempt
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