Good Morning everyone
One of the client received some amount to her account from her Husband grandfather. Is it taxable?
Can we treat this as Gift?
2 Replies
sabyasachi mukherjee
(27781 Points)
Replied 06 July 2023
Exceptions of gift act. any gift received from blood relation is not taxable.
Recent Topics
- Clarification on Rectification of RCM Invoices in
- Excess of ITC refund
- Business Income or Other Income Conundrum
- Individual owned commercial property
- Regarding Eb bill
- IT on mutual fund dividend post retirement
- Medical expense of parents
- Amnesty Scheme for Kerala Flood Cess
- ITC on Building Hotel
- Taxable advice from gift received
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
