sir pls tell me tax free limit of receiveing gift from blood relatives & other than blood relatives
shrikant jain (accounts manager) (27 Points)
22 March 2011sir pls tell me tax free limit of receiveing gift from blood relatives & other than blood relatives
Pankaj Arora
(Learner)
(3134 Points)
Replied 22 March 2011
FROM BLOOD RELATIVE WHOLE AMOUNT WILL BE EXEMPT AND FOR OTHER RELATIVES ONLY Rs.50000/- is exempt..........
CAclubindia
