tag:blogger.com,1999:blog-2004257931445490362.post6485611189483710853..comments2024-03-26T15:10:46.095+05:30Comments on SIMPLE TAX INDIA: GIFT TAX -TAX ON GIFT BUDGET 2010RAJ KUMARIhttp://www.blogger.com/profile/12854260124513086419noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2004257931445490362.post-18283350423124519062012-07-01T20:00:46.048+05:302012-07-01T20:00:46.048+05:30Uncle (chacha , taya, mama is covered but not thei...Uncle (chacha , taya, mama is covered but not their son .So gift from Uncle/Uncle wife<br /><br />chacha /chachi<br />taya/tayi<br />mama/mami <br /><br />is covered and exempted from gift tax but gift from their son is not coveredRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-16490821408250388062012-07-01T19:06:04.958+05:302012-07-01T19:06:04.958+05:30My wife were received some amount from uncle , unc...My wife were received some amount from uncle , uncles wife , and uncles son through bank.Uncle is a farmer. so please advise me whether such amount is exempt from tax or not. How it will treat under gift tax.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-45154859097729632902012-07-01T18:59:41.692+05:302012-07-01T18:59:41.692+05:30if any amount made by uncle , uncles wife and uncl...if any amount made by uncle , uncles wife and uncle son through banks such income is taxable uor not as per gift tax act.Anonymousnoreply@blogger.com