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Relatives

This query is : Resolved 
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(Querist)
04 July 2014 Can I recieve a taxfree gift, in cash or kind, from my uncle's son's daughter ?
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Deepti Asawa

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Deepti Asawa (Expert)
04 July 2014 No, uncle's son and daughter not covered in relatives definition.
But you can take exemption if you received gifts upto 50000 in a financial year.

https://www.caclubindia.com/forum/tax-on-gifts-received-269767.asp
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CA Sunil Gupta

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CA Sunil Gupta (Expert)
05 July 2014 you can not received taxfree gift from uncle's son and daughter
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Rupesh Jain

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Rupesh Jain (Expert)
05 July 2014 NO your gift is not tax free. but you tale fit up rs. 50000/- in year.
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