Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

banner_ad

Gift received from dad

Others 352 views 4 replies

Nishan kotian

Tax practitioner

335 Points Posted on 28 November 2018

gift received son from dad 200000 in this case income tax will come or not.

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 28 November 2018

Cash or Cheque/digital mode?

Nishan kotian

Tax practitioner

335 Points Posted on 28 November 2018

cheq and digital

keerthana paramanandam

article assistant

22 Points Posted on 28 November 2018

any gift either cash or in kind which exceeds 50000 is taxable but this is exempted if such gifts are received from relatives. Therefore the answer is NO.

Jyoti sharma

7 Points Posted on 30 November 2018

gift received son from dad more than 10 lakh Is it taxable or exempt

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Topic

More recent discussions | Post

Related Topics

Latest Job Openings

View all

01 June 2026

Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details

14 May 2026

ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details

ARTICLESHIP 08 June 2026

Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details

19 May 2026

Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details

18 May 2026

MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details

24 May 2026

Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details

14 May 2026

Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details

12 June 2026

Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details