Tax free gift

16 April 2019

can daughter/ son give tax free gift to mother

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7 Replies

Kamini Sheth (owner) (311 Points)
Replied 16 April 2019

Yes, tax-free when gift received from 'Relative'

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VIKAS SAINI (1163 Points)
Replied 16 April 2019

How much amount free from tax

monika shah (4 Points)
Replied 16 April 2019

upto Rs. 50000 it is exempt

Kishankant Jha (other) (301 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.

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N D S (11 Points)
Replied 17 April 2019

What is the maximum cash gift can be given to son and daughter

pd23071997 (None) (388 Points)
Replied 17 April 2019

Less than 2 lakhs per event.

5 Like

subhagan sreerangam (7056 Points)
Replied 10 August 2019

good clarification and information

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