Can i receve gift from mother?
This query is : Resolved
Sanjay I Thacker
(Querist)
09 April 2016
Hello, I want know that mother want to gift of Rs. 10 Lac to her son in cash, mother age is about 85, she had cash balance, can she give gift in cash or she should deposit cash to bank and give gift to her son?
Murtaza I Bhagat
(Expert)
09 April 2016
Yes she can but it is better to take by A/c Payee Cheque.
Message likes :
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Sanjay I Thacker
(Querist)
09 April 2016
Thanks, My mother has not filed any it return yet now, is it compulsory to file her return?
Murtaza I Bhagat
(Expert)
09 April 2016
If she has any source of income then she has to file for her safety.
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