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Cash Gift from Relative

CA Final 446 views 4 replies

Gautam

.

49 Points Posted on 24 July 2019

How much cash gift can be taken from relative?
Any reporting requirement in 3CD?

Replies (4)

Muhammed

Chartered Accountant

251 Points Posted on 24 July 2019

Gift from relatives are specifically exempted under the act with out having any ceiling limit..

Dwaipayan Paul

Ca final

1767 Points Posted on 24 July 2019

unlimited gift

CA Saloni

Manager-Accounts & GST Consultant

5124 Points Posted on 24 July 2019

But only specified relatives...

shivam gupta

33 Points Posted on 24 July 2019

you can take the cash gift from blood relationship only unlimited but relative is as like uncle is limit only 50000

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