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Cash Gift from Relative

Final 428 views 4 replies
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49 Points Posted on 24 July 2019
How much cash gift can be taken from relative?
Any reporting requirement in 3CD?
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On 24 July 2019 at 12:25 Report
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Chartered Accountant
251 Points Posted on 24 July 2019

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

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On 24 July 2019 at 12:31
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Ca final
1767 Points Posted on 24 July 2019
unlimited gift
1 Reply
On 24 July 2019 at 15:37
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Manager-Accounts & GST Consultant
5124 Points Posted on 24 July 2019

But only specified relatives...

34 Reply
On 24 July 2019 at 15:39
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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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On 24 July 2019 at 15:41


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