Amount received in cash from neice
This query is : Open
DIVYESH JAIN
(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
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
20 January 2024
The taxability will depend on the nature of this transaction. Please share more info here.
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