Cash Gifts - Tax Exemption

This query is : Resolved

Narinder Singh (Querist)
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11 January 2011 My sister is a British citizen. She desires to gift Rs. 3 Lacs to my daughter in GBP. Kindly advise if this cash gift will be exempt from Income Tax. If yes, what documentation should we comply with?
Narinder Singh
benincotton@yahoo.com

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Guest (Expert)

11 January 2011 Gift from father's sister is not a taxable income

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