IF THE ASSEESSE GETS CASH GIFT OF LESS THAN 50,000 FROM HIS WIFE'S SISTERS'S DAUGHTER IS IT TAXABLE?
IF THE ASSEESSE GETS CASH GIFT OF LESS THAN 50,000 FROM HIS WIFE'S SISTERS'S DAUGHTER IS IT TAXABLE?
wife sister daughter is not cuming in the relative provided by the income tax act so it should be taxable
It is Less then 50000 hence not taxable.
Regards
Madhusudan
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