An Individual receiving Cash Gift above Rs 50000/- from any relative is taxable or not?
Menu
Cash gift from relatives
Replies (1)
If the relative is a relative accordingly to the Income tax act, then yes, it is tax-free.
Recent Topics :
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
- TDS u/s 194Q on electricity supply by DHBVN etc.
- Subject: Can I Apply for Fresh GST Registration on
- Additional place in GST RC
Related Topics :
CAclubindia
