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(Querist)
16 September 2014 Is cash gift of rs.27000 from friend is taxable?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 September 2014 if the amount of cash gift doesnt exceed Rs 50000 in an year, it is not taxable
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 September 2014 Not Taxable. Exempted upto Rs 50000/- from non relative.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 September 2014 it is not taxable............
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 September 2014 it is not taxable....................
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