Gift from Fathers brother
This query is : Resolved
09 September 2025
Is gift from Father's Brother is taxable? what is the exemption limit? how to declare the same in ITR 4?
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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20 September 2025
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