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Gift received from marriage Sister

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538 Points Posted on 08 October 2023
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.
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On 08 October 2023 at 21:52 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 08 October 2023
No, It's not taxable.
No limits...
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On 08 October 2023 at 22:05
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Profession Business
28207 Points Posted on 09 October 2023
Exceptions to 56(x) 2 blood relation.
But one condition needs to be verified .Source of sisters income.
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On 09 October 2023 at 09:21
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"Do the Right Thing...!!!"
128152 Points Posted on 09 October 2023
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...???

 

 

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On 09 October 2023 at 09:23
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538 Points Posted on 09 October 2023
Thanks
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On 09 October 2023 at 12:01


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