Dear sir/ mam,
I am a businessmen . I want to know that can i get gift capital money of my father , mother and from my wife . Is their any limit for gift in these above relation they all are tax payers now they want to give money to support me.
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Gift
Replies (6)
Gift from relatives are exempted under Income Tax..
Better to explain the details then You can get exact solution from our CCI Experts...
GOOD LUCK
Better to explain the details then You can get exact solution from our CCI Experts...
GOOD LUCK
agree with raja ji
From where i can get cci experts advise
gift from relatives are exempt u/s 56(2)(X) of income tax act, 1962.
so you can get gift from your father and relatives.
for further information contact me on my number
8290776641
so you can get gift from your father and relatives.
for further information contact me on my number
8290776641
is there any limit for the gift?
50000 for cash during the whole year for other
and no limit for relatives
and no limit for relatives
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