Gift taxability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2018
Is the gift received by father / mother from mariied daughter taxable ?
Also gift received by brother of married sister taxable?
Also gift received by brother of married sister taxable?
31 March 2018
No... The both of under the definition of Relatives. No more tax liability. It's fully exempted...
31 March 2018
Yes, gift from relatives is exempt
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