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Cash gifts > 50K taxable?
Are Cash gifts from spouse more than Rs 50K taxable in hand of the recipient?
Replies (4)
who are the receipients
Spouse is the recipient
not taxable since relative
Relatives Includes...
Spouse Of Individual
Brother/Sister
Brother/Sister Of Spouse
Brother/Sister Of Either Of Parents
Any Lineal Ascendent Or Descendent
Any Lineal Ascendent Or Descendent Of Spouse
& Spouse Of Any Person Referred Above.
Spouse Of Individual
Brother/Sister
Brother/Sister Of Spouse
Brother/Sister Of Either Of Parents
Any Lineal Ascendent Or Descendent
Any Lineal Ascendent Or Descendent Of Spouse
& Spouse Of Any Person Referred Above.
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