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

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Be the first one to answer this question!
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Feb 04 '16 at 16:28

Seen: 2,232 times

Last updated: Feb 05 '16 at 18:26