Tax free gift

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17 Points Posted on 16 April 2019
can daughter/ son give tax free gift to mother
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On 16 April 2019 at 19:35 Report
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owner
311 Points Posted on 16 April 2019

Yes, tax-free when gift received from 'Relative'

5 Reply
On 16 April 2019 at 21:32
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1167 Points Posted on 16 April 2019
How much amount free from tax
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On 16 April 2019 at 22:30
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4 Points Posted on 16 April 2019
upto Rs. 50000 it is exempt
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On 16 April 2019 at 22:41
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other
301 Points Posted on 17 April 2019

No limit.  Any amount received from specified relatives is tax free u/s. 56(2)(x) of Income Tax act, 1961.

6 Reply
On 17 April 2019 at 08:11
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11 Points Posted on 17 April 2019
What is the maximum cash gift can be given to son and daughter
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On 17 April 2019 at 18:40
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None
388 Points Posted on 17 April 2019

Less than 2 lakhs per event.

5 Reply
On 17 April 2019 at 22:20
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7059 Points Posted on 10 August 2019
good clarification and information
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On 10 August 2019 at 14:34

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