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Tax on gift fy 2015-16

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2016 Dear Experts

I had received Rs Ten Lacs as gift from my father in the FY 2015-16. Is this taxable in my hands??
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
28 May 2016 Gift from father is not Taxable. It is exempt.



Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

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