Menu
Gift received
gift received in cash from sister in law's husband taxable or non taxable..
Replies (5)
Quick Summary
How much amount of Gift, you receive
It's more than 50k
Hi Jimcy,
This will not be taxable as per section 56, as the amount is received from a relative.
as the Sister in law 's husband is covered in the definition of Relatives so there is no tax on gift received from relative
Sister in law 's husband means simply brother?
Gift from brother is exempt as gift from relative.
Gift from brother is exempt as gift from relative.
Recent Topics :
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
Related Topics :
CAclubindia
