Whether gift received from Grandfather sister is taxable or not.
Vikash Shah (Accountant) (28 Points)
03 September 2015Whether gift received from Grandfather sister is taxable or not.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 September 2015
It is taxable as she is not a relative within the definition.
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 03 September 2015
Agree with Poornima
kamaljeet
(student)
(76 Points)
Replied 03 September 2015
Sarika Goswami
(Student CA Final )
(28 Points)
Replied 03 September 2015
I also agree with Poornima and Kamal Jeet upto 50000 is exempt
Manjunath
(Accounts and Finance Associate)
(21 Points)
Replied 03 September 2015
naveen
(article)
(21 Points)
Replied 03 September 2015
sankar
(student)
(48 Points)
Replied 03 September 2015
Naveen sharma
(student)
(47 Points)
Replied 04 September 2015
CA.Deepu Rani Bisht
(Chartered Accountant)
(26 Points)
Replied 05 September 2015
taxable, grandfather sister not included in relative defination.but on recd gift limit of 50000 shall be apply
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)