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gifts

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(Querist)
20 April 2011 Cash Gifts received by an individual from his/her brother or sister is exempt from tax. But if an individual receives cash gifts from his/her brother or sisters son, will that be exempt from tax?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 April 2011 it would be taxable if above Rs. 50,000/-
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GURJOT SINGH GULATI

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GURJOT SINGH GULATI (Querist)
20 April 2011 thank you...




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