What Is The Maximum Amount An NRI Can Send Money To His Relatives Without...

Unlimited amount of money can be brought in India without any approval of the Reserve Bank of India (RBI) . However , as far...

Whether Moeny Sent By My Son Out Of Saving From Scholarship Taxable?

I have a joint A/C with my wife and son in a nationalised bank. My son is now studying in England with full scholarship....

Is Gift From Husband of My Wife’s Sister To My Wife Taxable?

44 types of relatives can give tax free gifts to you . However,Ritwij K, Pune askes  My wife's brother in law ( her sisters...

Is Gift From Son Of My Wife’s Sister Taxable?

Updated!Whether my wife can claim exemption under gift tax if she receives gift of Rs 5 lakhs from her mother's sister's son. if it...

Is Gift From NRI Father-in-Law Tax Free!

Can my NRI father in law gift me money & is that money taxable?Mandeep Kumar Section 56(2)(v) deals with the taxability of gift...

Is Money Receipt From NRI Friend Taxable In India?

One of my friend is working in some other country and used to send some money from there in my salaried account in India...

Is Gift by HUF to Its Member Tax Free?

Can a HUF give gift of over 25,000 by cheque to one of its coparceners without attracting any gift tax liability? Will the income...

When GIFTS are Exempt from income tax ?

Readers are advised ti read Gifts from these 44 Relatives are tax free ! as this is much updated posting. Gift of any amount received after...

Enjoy The Gift! Gift Tax Act Is Dead Long Ago.

Does there arise a gift tax for A.Y-92-93,in respect of a quoted shares alloted to a major shareholder of a Ltd company 'X', by...

Don’t worry, be happy!Receipt from NRI son is non taxable

Someone asked on this blogMy son an n r i sent monthly 450$ to his father(me)is it taxable to me as per i t...