Gifts from relatives
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2017
I have recieved rs. 1100000 from my daughter and Rs. 40000 from an outsider. Will the threshold limit of 50000 be crossed since total gifts recieced is 1140000 or the amount of 40000 will still be exempt.
27 July 2017
Amount of 40000 will still be exempt.
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