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Gift received from marriage Sister
Dear Sir, I received gift from my marriad sister of Rs 40 lacs in bank , it is taxable to me ? any limits of gift with relatives.
Replies (4)
Quick Summary
No, It's not taxable.
No limits...
No limits...
Exceptions to 56(x) 2 blood relation.
But one condition needs to be verified .Source of sisters income.
But one condition needs to be verified .Source of sisters income.
| Originally posted by : sabyasachi mukherjee | ||
 |
Exceptions to 56(x) 2 blood relation.But one condition needs to be verified .Source of sisters income. |  |
Ohh God...
Who told it's source of income verification for issuer...???
Thanks
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