Gift in cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2013
Can we take gift in cash. In my case if i take Rs. 5 lacs cash as gift from my father without intention to return it, will it be taxable?
18 September 2013
not taxable as gift received from relatives are fully exempted.......
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