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Taxability of cash received as gift from son residing in for

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(Querist)
28 March 2013 Mr.X resides in India & he & his wife received cash,as gift from his son who is residing in foreign out of his tax free income.IS Cash received from son is taxable in hands of Mr X & his wife.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 March 2013 Not taxable in the hands Mr X and his Wife. Gift received from relatives is exempt from tax.
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shradha_sharma

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shradha_sharma (Querist)
28 March 2013 Sir gift is received from tax free income. still it is tax free in hands of Mr X & his wife
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 March 2013 Yes it will be exempt from Tax in the hands of Mr X and Wife.
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