Income from other source.

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Dipesh (Querist)
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03 August 2015 Dear Expert,

Pls suggest Mr. "x" receive Rs. 235000/- from his mother in law this amount is taxable or not ????

CS,CA F,Numrologi TusharSampat (Expert)
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04 August 2015 it is not taxable as gift from relatives are exempted from income tax under sec 56(2)

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Dipesh (Querist)
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04 August 2015 Dear Sir,

What is the Tax consequence / ITR situation of Mother in law.???

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