Cash gift from uncle

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B.com
3025 Points Posted on 16 December 2020
A female I.t. Assess cash gift from uncle(mother's brother)Rs:1,80,000/- received.
question:
gift amount taxable or exempted.
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On 16 December 2020 at 22:33 Report
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Quick Summary
This discussion clarifies whether a cash gift of Rs 1,80,000 received from an uncle (mother's brother) is taxable. The consensus is that gifts from specified relatives, including maternal uncles, are generally exempt from income tax in India. Therefore, the cash gift received is considered exempted.

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Tax consultant
5895 Points Posted on 16 December 2020

Exempted 

As gifted by uncle relative

1 Reply
On 16 December 2020 at 23:49
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12244 Points Posted on 17 December 2020
Exempted since maternal uncle is covered under the definition of relatives
1 Reply
On 17 December 2020 at 02:42

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