Gift from maternal grandparents

are gifts from maternal grandparents liable to income tax?
Replies (2)
Quick Summary
Gifts received from maternal grandparents are typically not liable for income tax. Under the Income Tax Act, 1961, such gifts are considered exempt. This means you generally don't need to worry about paying tax on presents from your maternal grandparents.

No they are not

No, it is exempt under the Income Tax Act, 1961

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