Tax free gift
Binod Kumar Jain (17 Points)
16 April 2019Binod Kumar Jain (17 Points)
16 April 2019
Kamini Sheth
(owner)
(311 Points)
Replied 16 April 2019
Yes, tax-free when gift received from 'Relative'
Kishankant Jha
(other)
(296 Points)
Replied 17 April 2019
No limit. Any amount received from specified relatives is tax free u/s. 56(2)(x) of Income Tax act, 1961.
N D S
(11 Points)
Replied 17 April 2019
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)