Gift from Fathers brother
This query is : Resolved
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Shikha gupta
(Querist)
09 September 2025
Is gift from Father's Brother is taxable? what is the exemption limit? how to declare the same in ITR 4?
Dhirajlal Rambhia
(Expert)
09 September 2025
Yes, it is exempt u/s. 56(2)(x) IT act, without any limit. Declare it under 'Except Income'
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Dhirajlal Rambhia
(Expert)
20 September 2025
Good Luck..
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