non relative gift limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2010
gift recieved from non relative did had an limit of 50000 and above that will be taxable
Pankaj Jhawar
(Expert)
12 June 2010
If you have received more than 50000 then whole amount will be taxable. say u receive Rs. 1 lacs then whole 1 lac is taxable and not 50000
12 June 2010
agree
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