gift received son from dad 200000 in this case income tax will come or not.
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182141 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
Recent Topics
- Difference between Accrued Revenue and un earned r
- Calculate profitability on particular project
- Hsn code and rate Ground nuts cake
- Pvt ltd company sale ltcg.
- Auto-population failed on 9th Jan 2025 and showing
- RCM payment Due Date
- 2B ITC reconciliation
- Rent received NRI in lieu displacement due to rede
- Restrictions in ITC
- 27Q Confirmation Notice from IT Department
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
