Relatives
This query is : Resolved
04 July 2014
Can I recieve a taxfree gift, in cash or kind, from my uncle's son's daughter ?
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
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
05 July 2014
you can not received taxfree gift from uncle's son and daughter
05 July 2014
NO your gift is not tax free. but you tale fit up rs. 50000/- in year.
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