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Cash received above 50000 from son

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(Querist)
25 February 2013 Hi all

If father received cash above 50000 from his son. whether it is taxable or not?

Thanks
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
25 February 2013 No, as per sec 56(2) a relatvie can give gift
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AVTAR SINGH

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AVTAR SINGH (Querist)
25 February 2013 Thank you very much sir.



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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
17 August 2023 Avoid cash transaction.

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