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Gift from relative

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Student CA IPC / IPCC
261 Points Posted on 19 November 2019
How much amount individual can take from relatives which will not taxable
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On 19 November 2019 at 22:51 Report
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284 Points Posted on 20 November 2019
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.....
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On 20 November 2019 at 15:36
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17264 Points Posted on 20 November 2019
There is no limits for Gifts from relatives.

Relatives means what has been specified as relative under section 56.
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On 20 November 2019 at 23:40
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32 Points Posted on 21 November 2019
Absolutely correct

There is no limits for Gifts from relatives.

Relatives means what has been specified as relative under section 56.
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On 21 November 2019 at 03:39


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