banner_ad

Gift received from marriage Sister

378 views 4 replies
User Avatar

538 Points Joined October 2020
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.
0 Reply Share Follow
On 08 October 2023 at 21:52 Report
Replies (4)
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015
No, It's not taxable.
No limits...
1 Reply
On 08 October 2023 at 22:05
User Avatar

Profession Business
28196 Points Joined May 2017
Exceptions to 56(x) 2 blood relation.
But one condition needs to be verified .Source of sisters income.
Reply
On 09 October 2023 at 09:21
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015
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...???

 

 

Reply
On 09 October 2023 at 09:23
User Avatar

538 Points Joined October 2020
Thanks
Reply
On 09 October 2023 at 12:01

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details