Realtive
This query is : Resolved
Bhagwant Singh Gehlot
(Querist)
28 August 2010
Sir
The assesee received Cash Gift from Maternal uncle(Grand Father/ Nanaji, Father of assessees Mother) is taxable or exempted for the assesment year 2008-09.
The assesee received Cash Gift from Maternal uncle(Grand Father/ Nanaji, Father of assessees Mother) is taxable or exempted for the assesment year 2008-09.
CA Sanat Pyne
(Expert)
28 August 2010
YES HE IS TO BE TREATED AS RELATIVE. HENCE NOT TAXABLE. BUT A.O MAY ASK THE SOURCE OF CASH FROM Maternal uncle
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