Cash Gifts - Tax Exemption
This query is : Resolved
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
Narinder Singh
benincotton@yahoo.com
Guest
Guest
(Expert)
11 January 2011
Gift from father's sister is not a taxable income
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