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Gift from relative
How much amount individual can take from relatives which will not taxable
Replies (3)
No limits for taking gifts from relative & gift from others exempted to 50000/- per financial year if above 50000 gift from others whole amount taxble sir.....
There is no limits for Gifts from relatives.
Relatives means what has been specified as relative under section 56.
Relatives means what has been specified as relative under section 56.
Absolutely correct
There is no limits for Gifts from relatives.
Relatives means what has been specified as relative under section 56.
There is no limits for Gifts from relatives.
Relatives means what has been specified as relative under section 56.
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