Rumored Buzz on 56 cash
If you get a gift from the relative of any volume, it will not be taxable. There isn't any upper Restrict for the amount In relation to kinfolk. As an illustration, When your sister or brother presents you Rs. 50,000, it won't be taxable below Segment 56.Gifts of high-rate for instance property, vehicle and other need to be gifted with a gift Deed