Gift

Gifts received from any relative, as defined under the Act, is not taxable.

In case of gift of money received from a relative, it is advisable to have gift deed/letter of understanding exchanged and kept in records by the recipient of the gift for future reference.

Hence, it is prudent to maintain documentary evidence in respect of the gifts received, to avoid any dispute with tax authorities at a later stage.

Keep documentary evidence of the gift on record should the ITO asks for clarifications.

Blood relation u cann't take cash in the sense of Gift 

Plz anybody can help me for i have filed on 28.7.12 for AY 2012-13 still not refund. I called to CPC B'lore told me its processing how can i take action.

Following are considered as relatives(in case of individual) under income tax act::

1) spouse of individual -----husband/wife

2)brother / sister of individual

3)brother/ sister of spouse of individual -----brother in law/sister in law

4)brother/ sister of either of parents of indiviual -----chacha/mama/bua/maasi

5) lineal ascendents/descendents of individual -----daada/daadi/naana/ naani

6)lineal ascendents/descendents of spouse of individual

7) spouse of persons mentioned abv(1---6)