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Amount received in cash from neice

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(Querist)
11 December 2023 Dear Sir,

If a person has received an amount more than Rs. 15 lacs in cash from his neice and that cash is deposited into bank then what will be the taxability in such case while filing income tax return.

Please help me in this matter.

Thanks,
Divyesh Jain
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
20 January 2024 The taxability will depend on the nature of this transaction. Please share more info here.

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