KINDLY LET ME WHETHER GIFT GIVEN BY HUSBAND OF SISTER FROM ABROAD(UK) IS TAXABALE OR IT WILL ALSO BE CONSIDERED EXEMPT
EMAIL ID SANKAGARWAL @ GMAIL.COM
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TAX ON GIFT
Replies (6)
gift from relative is exempt. location of the relative is not important.
THANKS A LOT MR. SURANA
Gift given by relatives is FULLY EXEMPT.
i agree with mr surana
Gift given by relatives up to Rs 50000/- is FULLY EXEMPT from tax..
| Originally posted by :Jasveer Singh Kalsi | ||
| " | Gift given by relatives up to Rs 50000/- is FULLY EXEMPT from tax.. | " |
YES GIFT GIVEN BY HUSBAND IS TOTALLY EXEMPTEED
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