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Taxability of gift in outo of blood relation

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2016 Dear All
I have paid Rs. 1 Lakh cash gift in out of blood relation. Pls tell me weather full 1 Lakh will be taxable or only 50000/-

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Arun Tiwari


15 November 2016 Full one lakh will be taxable as income from other sources.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2016 But sir on this diwali i have paid cash Rs. 8000/- cash gift to one of our employee his only 3000 is taxable and rest of 5000 is exempt.
So in the case of gift out of blood relation why full 1 lakh is taxable instead of 50000


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