hello,
my father wants to give me some lakh rupees. Is there any tax amount on that money. or any other option to receive money from father without tax liability.
thanks
Menu
gift money.
Replies (7)
No tax liability when transferred through banking mode, and gift deed prepared.
Any gift received from relative is fully exempt...
hence not taxable ... exception to sec 56(2)(vii)
hence not taxable ... exception to sec 56(2)(vii)
amount is 50 lakh above and I am married.
Whatever be amount, no gift tax in your case.
thank you very much sir
Most Welcome, Dear.....
I want to give 3 lac gift by bank to my brother
there is any need to write any deed??
there is any need to write any deed??
Recent Topics :
Related Topics :
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
