Gift received from father's sister (buva) is taxable or not?
This query is : Resolved
SHREEPAL LALWANI
(Querist)
29 June 2018
sir,
Tell me gift received from father's sister (Buva) is taxable or not?
and also provide list of descriptive list of Relative as per income tax act?
Tell me gift received from father's sister (Buva) is taxable or not?
and also provide list of descriptive list of Relative as per income tax act?
29 June 2018
Father's Sister is under the Definition of Relatives. So, The GIFT is not Taxable
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