Gift

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2014 husband how much can give gift to her wife thru cash & cheque? any limit?
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Sandeep Dharar

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Sandeep Dharar (Expert)
18 April 2014 Gift by relative is not taxable. It is fully exempted from tax.
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2014 any limit plz. reply?
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Sandeep Dharar

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Sandeep Dharar (Expert)
18 April 2014 No limit. But if the cash gift received in agreegate exceeds Rs.50K then the whole amount will b taxable.

Note:- It must b noted that Cash gift from relatives is exempted, but from others is taxable.
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