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Regading Gifts recieved from relatives

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 September 2010 there is individual suppose X who recieved gifts of Rs 150000/- from Y ( who is maternal uncle of X. As we know there is no tax liabilities in the hands of X where Y have to pay on his income part.
Now my question is whether X has to pay any tax on his rcieving gift from Y.And Y is a farmer who is getting Income reciepts of Rs 500000/- and giving this money to X and claiming 500000/- as exempt income U/s 10(1).

Let me know in this case any issue may be raised by ITO. If yes then why ?
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CA.Pujah

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CA.Pujah (Expert)
10 September 2010 yes it would be exempt for X
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Querist : Anonymous

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Querist : Anonymous (Querist)
11 September 2010 Thanks
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