Gift and 269ST

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95 Points Posted on 12 July 2021
If i transfer two transactions at Rs. 190000/ - to my father on different dates as gifts, Can we do it? or what is the provision regarding cash donation to relative?
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On 12 July 2021 at 16:31 Report
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Quick Summary
This discussion explores the permissibility of transferring two separate cash gifts totalling Rs. 190,000 to a father on different dates, specifically in relation to Section 269ST. Participants suggest that as long as each transaction is below the Rs. 2 lakh annual limit and considered separate events, it may not violate the provision. Gifts to close relatives are generally exempt, and the Rs. 2 lakh cash transfer limit per year is mentioned as a key consideration.

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CMA
13117 Points Posted on 12 July 2021

If these can be considered as 2 different events, then no violation u/s 269ST I think.

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On 12 July 2021 at 16:59
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372 Points Posted on 12 July 2021
Cash transfer to close relative exempt i think
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On 12 July 2021 at 18:03
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STUDENT
1631 Points Posted on 14 July 2021
A gift to father -Exempt

But 269ST -Up to 2 Lakh /Year through cash allowed.

Then no offence.
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On 14 July 2021 at 02:59

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