Gift in Cash

Ofcoarse it is...

Taxable

hi

if gift received from the relative or friend let know 

if they are relative it is not taxable, however your required  gift deed or Loan received from the relative you do same the necessary 

if they are not  relative than entire amount is taxable,  i  enclosed relating to queries clarification 

further doubts mail me @ jmoneykandan @ gmail.com

hi

found the brief notes about the gift tax and case laws reference

If Suppose Rs2,00,000 is received what will be tha tax ?

And tax on such income is chargeable at the normal rates... That is basic exemption is allowed, and rest of the amount is taxed as per tax slabs....

But the amount is received from UK. Is there any affect of double tax avoidence agreement?