QUERY ABOUT GIFT

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154 Points Joined April 2017
WHETHER GIFT FROM AUNT IS TAXABLE UNDER INCOME TAX IN THE HANDS OF NEPHEW?
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On 07 July 2017 at 18:10 Report
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CA Final
70 Points Joined December 2016
No, it is not taxable if it is made thru and account payee cheque. And in respect of this, a gift deed has established.
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On 07 July 2017 at 18:29
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CA FINAL
547 Points Joined September 2009

Agreed . not taxable.

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On 08 July 2017 at 02:55


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