Gift

This query is : Resolved 
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(Querist)
11 December 2013 is there any problem if individual receive any gift of 400000 in cash (without go through bank) from his father without any occasion?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 December 2013 Not taxable as its received as gift from relative u/s 56(2).
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