Menu
Gift received from mother
if I am take money as gift more than Rs. 50,000/- than it is tax treatment in income tax ?
Replies (4)
Gift from specified relative is exempt from tax u/s 56(2) of I. T. act and relationship of mother and son is covered in specified relative
Mother to son
Already explained in above reply
Ok sir thank you
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
