Gift received by mum father

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Gift received by my mother father, exempted in my hand or not . Please advise me immediately
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Please proper advise on the above matter . Not narated provision
The gift received from your mom and dad is exempt from income tax

Anil


If you are receiving gift in the form of money (thru bank transfer) from your mother or father then you do not have to pay any income tax on it. This is gift within blood relatives and it is exempted. 

Gift received daughter's son means Nana is exempted his hand or not . Please clarify the position, he is relative purpose of gift or not


CCI Pro

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