Kollipara sundaraiah asked 5 years ago
Cash gift from relative
A I.t. person(son) cash gift from another person (mother) Rs.1,60,000/-* 3 times total Rs.4,80,000/- one finicial year received.
Question:
1. Cash gift received from mother taxable or exempted and total gifts one finicial year allowed in I.t. act.
2. Sec 269st provision applicable or no.
1 Answers
sandeep jain answered 5 years ago
being nature of gift is in cash, so in question otherwise allowable
