Is gift from maternal uncle or grandparent taxable ?

  1. Can maternal uncle or maternal grandparents gift me (part cash, part transaction) under gift deed ?

  2. What is max limit for gift in one financial year ?

  3. Gift deed for 2-3 consecutive financial years possible between same donor and receiver?

  4. Maternal uncle owns agriculture land and no other business. Does he need to file ITR for last few years in order to gift money to me ?

asked Feb 04 '16 at 16:28 by cshekhar3334 311712

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Asked: Feb 04 '16 at 16:28

Seen: 2,165 times

Last updated: Feb 05 '16 at 18:26