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Tax free cash gift

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Others
40 Points Joined August 2013

How much cash gift through bank transfer is exempted from tax from Father in Law to Daughter in law in a Financial year. 

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On 21 January 2021 at 15:46 Report
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CA FINAL STUDENT
45 Points Joined February 2018
50,000 exempt u/s 56(2)(x)
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On 21 January 2021 at 16:05
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17264 Points Joined December 2018
Upto aggregate 50000/- for the year from non-relatives. Daughter in law does not fall in relative defination to Father in law.
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On 21 January 2021 at 16:23
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Chartered Accountant
24588 Points Joined November 2019
50000 rupees
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On 21 January 2021 at 19:47
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Accountant
4533 Points Joined February 2017
Up to rupees 50000 can be received from any person but in case of relative you receive you can receive any amount
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On 23 January 2021 at 23:48
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Chartered Accountant
86505 Points Joined April 2011
Any gift from relative is completely exempt.
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On 23 January 2021 at 23:54

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