limit of cash gifts

is your grand pa have any bank account.......?

no,my grand pa is not having any bank account actually i need cash gft

you can take a cash gift......sky is the limit,

or other way you can take it loan with 0% interest and pay whenever u can (no need to pay), this is best way to show when file the return for any cash amount u got,

Section 56(2)(vi) applicable to the taxation of gifts in excess of Rs. 50,000 in a financial year in the aggregate are applicable for gifts received from non-relatives. Thus, any gift from relatives of any amount during the financial year is completely exempt from tax.

LOAN TAKEN IN CASH IN EXCESS OF RS 20,000/-  ATTRACTS PENALTY U/S 269SS EQUAL TO THE LOAN