tax liability on gift
This query is : Resolved
08 March 2017
My mother wants to gift Rs. 2,00,000/- to me and my personal income is more than 300000/- how much tax liability comes when I got gift
08 March 2017
Gift from Mother is not taxable.
08 March 2017
Mother is included in definition of relative. Hence no taxability arises on such gift.
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