QUERY ABOUT GIFT
Krishanu Chowdhury (153 Points)
07 July 2017
WHETHER GIFT FROM AUNT IS TAXABLE UNDER INCOME TAX IN THE HANDS OF NEPHEW?
2 Replies
Sanni Wadhwani
(CA Final)
(70 Points)
Replied 07 July 2017
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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