Taxability

if we recieved gift from my relative of amount exceeding 50000. so it attracts taxability except that date like marriage date or any other etc.
Replies (1)
Originally posted by : lokesh agrawal
if we recieved gift from my relative of amount exceeding 50000. so it attracts taxability except that date like marriage date or any other etc.

From notified persons then Not applicable...

From Other than notified persons then Yes... Tax is applicable.

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