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Income Tax on Gifts Received | Monetary Gifts from Relatives u0026 Friends | Taxpundit

Frames Income Tax on Gifts Received | Monetary Gifts from Relatives u0026 Friends | Taxpundit

Description Income Tax on Gifts Received | Monetary Gifts from Relatives u0026 Friends | Taxpundit

Comments Income Tax on Gifts Received | Monetary Gifts from Relatives u0026 Friends | Taxpundit

Married Daughter received money of ₹ 30L as gift from Father online through RTGS brAs per discussion it’s not attracting income tax as it’s received from relative brSir , how this transaction should be treated in ITR to avoid any notice ? Comment from : Netai Chakravarty

Can you pl send me specimene of gift deed for NRI TO INDIAN RESIDENT BLOOD RELATED THAMKS Comment from : Kamaljit Rajput

Sir an assesse have received gift wort RS 1270000 from his grandfather in form of cash which he deposited to the bank in cash Now the e compliance notice came and the reply filed is gift from father for married daughter is exempted??? Sir will I get any notice in future plz clarify sir?? Comment from : Afzal Khan

Pta chlega tab hi lgega Comment from : S khan

To fir gift deed oh house par tax kyu parent se Comment from : S khan

Sir if amount is credited in my account after my father deathnominee in fdIs this taxable Comment from : Piyush Joshi lovers

If I received 1 lac per month from friends Is it taxable and what is the rate? Comment from : Mukesh Sharma

Jo gift received Karta hai voh tax pay Karta hai yabrJo gift deta hai voh tax pay karta h Comment from : Rimanshi Asija Classes

sirbrbr1) Father Gift Share to Major daughter (22 yrs - Student) & Dividend income generate from the gift stock is clubbling with Father income ? Comment from : Vipul Shah

आदरणीय जो व्यक्ति उपहार में 50000 या उससे अधिक दे रहा है क्या उसे भी ITR में छूट प्राप्त करने का अधिकार है ? Comment from : Great Raj13

Is receiving money monthly from brother for home expenses taxable? Comment from : Bapu Joshi

me and my friend are partner i received 8 lakh money and i transferred him half do i need to pay tax on full - Please advise Comment from : Sudarshan Mishra

If a sister gifts money to brother and he invest in business and earn profit ,who will pay tax? Comment from : BINOD SINGH

if my freind emi is paid by my account and Freind I tranfering money per month for eni depositdoes that money taxable Comment from : Rahul Rahane

Sir,brचाचा / ताउ / मामा etc तो cover होते है, पर, चचेरे भाई-बहन / ममेरे भाई-बहन etc भी cover होते है क्या ? क्या चचेरे / ममेरे भाई-बहन से gift मिलने पर non-taxable रहेगा ? Comment from : urvashi bhattacharya

Sir, if i gift my mom or dad through neft transaction of rs 5lakh and they make an FD of it, will it be taxable for them? Father is a retired person and mom is a housewife Pls reply in your free time Thank you Comment from : RedTeam Garage

Very nicely explained, Sir Thank you Comment from : RedTeam Garage

Very well explained sir brJust wanted to know who will be taxed, if grandparents deposit certain amount (monthly/yearly) into their grandchildren bank account for a specific financial year ? Comment from : Chitta Sahu

Thank you Sir Comment from : Chinmayananda Panda

If wife gifted his husband through money transfer for fixed deposit is it taxable and what will be the calculation ? Comment from : Ravi Subarno

Sir, parents ne gift ki hui amount tax free hoti hai ye samajh gayi Lekin kya mujhe woh gift amount ITR form me dikhani hoti hai? Agar ha, to kaunse section me? Comment from : Pallavi Serene

Sir, cash gift (cheque) to blood relation ki deed stamp paper pe banwani hoti hai ya normal affidavit bhi chalega?brbrAlso, is cash (cheque) gift deed to blood relation is to be registered? Is there any stamp duty to be paid? If yes when and how Comment from : Ashish Bansal

If i received rs 400000 through upi from mothers accountis it needed to file itr Comment from : swarup bhowmick

My Father transferred some amount in my car loan account Is it taxable? Comment from : SKPathak

I have some questions Comment from : H Yadav

If my grandparents write me a check will that be called a "gift"?brIS IT NECESSARY FOR GRANDPARENTS TO GO TO COURT AND DECLARE ON AFFIDAVIT THE "GIFT " GIVEN ?? Comment from : Karan Singh

If father mother transfer to dealer account RTGS by breaking fixed deposit & purchase new car in his sons Name, son is major one & filling ITR Where son should show this new cars amount in his ITR Because in purchasing cars son's aadhar & Pan card was recorded in the cash memo etc Comment from : Vipan Verma

Can a working daughter in law fund purchase of flat in the name of her senior citizen mother in law? Comment from : Hasan Khan

Can amount by way of will be tax free if received when giver is alive?brbrAlso, can amount by way of gift from relative through will be received in 2 parts (on different financial years)? Will both be considered tax free? Comment from : Ashish Bansal

Can my mother give her taxable income to me (son) / son Irrespective of the amount, may be in lakhs/crores Do I need to again pay tax also Can I invest in any thing / any business? Comment from : MOHIT NEGI

sir i was working in dubai and i gave 10 lakhs rupees to my brother in law there only in dubai in 2016 he is still working there and now he wants to give back my money now i live in india and he wants to send money in my account will it be taxable??? Comment from : sameer verma

sir if my nri sibling sending me money in india in this case do i have to pay tax on it and which section on itr 1 i can show this amount Comment from : Puneet Kaur

If my father gave me 20 lakh rupee from his govt Job retirement moneybrIs this taxable or not? Comment from : ACHIN KUMAR

U r great Sir, thanks for giving all information in simple language regarding gift txn Comment from : Lucky Singh Rajput

Please tell about step by step process to gift money to parentsbrIs gift deep required?brIs deed to be made the same day as transferring money? Comment from : Mohd Alber Jahangir

Sir foreign se son ne 10 laksh se adhik amount as as gift aaya hai to kaya wo income ke under me aayega ? Comment from : Syed Atiqullah

Iss ka tax kitna Comment from : Bibhudatta Pradhan

कृपया अपना टेलीफोन शेयर करें। Comment from : R K Roy

Very informative Video sir👍👍👍brBut I have a queryi am a student and 14th April 2021 is my wedding so my foreigner friend send me 12 lack for my wedding expansesso in that case what is happen and what should I do??? Will you please share me?? Comment from : Miss Suspicious

Bhatizi se mile gift pe tax lagti h Comment from : Ankur Agarwal

The gift received from a son(It's my cousin's brother) of mama Ji (Brother of my mother) Is it taxable or exempt from tax?? Comment from : New Movies Film

Sir fathers se 20 lac ke upor ka monetary gift ka proof kese rakhe baad me IT Department ko proof deneke liye? Comment from : Saurav

सर जी में कनाडा में हूँ। एस विजिटर सुपर वीसा जो के 10 साल का है। लेकिन पर एंट्री 2 साल स्टे की है। मेरी 2 बेटियाँ येही पर सिटीजन हैं। मेरी पेंशन 18000 ₹ आती है। मेरी दोनों बेटियो ने 5- 5 लाख मेरे से मेरी रिटायरमेंट पर लिया था।तब मुझे 22 लाख सरकारी मिला था अब वोह मेरे बैंक एकाउंट में वापिस देती हैं तो टेक्स लगेगा। Comment from : SUKHVINDER SINGH JANDU

Sir agar mother ne son ke account m 3,00,000 transfer kiya hai as coaching fees, will it will be taxable in the hands of sonbrAs mother mother's income is below basic exemption limit And these 3L has been transferred from her savings Comment from : Vikram Singh Kushwaha

How to file for the amount received in your account for the business done by other person ,ie ( the person receiving the amount is not a business owner) Comment from : Granel 07

Pl help mebrThanks Comment from : Prabhneet Kaur

If I transfer Rs 20 lakhs from USA account to my father's account in India who does not have any income , is it taxable ? Comment from : satish kumar Kuchoor

Mene meri Beti ko 50lac money gift kiya he by cheque kya ye taxable he Comment from : LIBRA Group

If father give 10 lacs to his son on 18th birthday and son investment that money and earn interest 60000/- Please let me know that who will pay tax on this 60000/- income? Whether it's father or son? Comment from : Vinod Kumar

My daughter received a gift from my brother As she had no other income, we didn't file any itr We deposited the amount in FDR and she has been receiving interest for last two years but that amount is also with in the exempt limit So, we have not filed any itr till now Is there any problem we can face from the IT department? Comment from : Anil Tayal

Thanks for valuable information 👍 Comment from : Utpal Ray

Sir,brI have no income but have received 6lakhs from my father and planning to invest in shares Is it taxable?? brBecause the money my father has is his retirement money Comment from : Akshay D

What is the rule of India for individuals forem fond recive Comment from : satyabrata prusty

Father sold housecan sale proceedings b given as gift to married daughter? Comment from : Vijay Kumar

Kya kisi dost ka mobile/laptop apane creadit card se order karne pe jo bhi order value hoga wo mujhe dega to kya uske uper bhi tax lagega Comment from : Dinesh Kumar

Sir how much money can transfer to the account of my son and wife , I have already tax paid on this money Which documents will to be ready for record Comment from : Ramesh Chand

kitna tax katega?? Comment from : Pradeep Pavar

Flats as stock in trade from got jda can be gifted by father to son ? Comment from : Sidon Carvalho

Stock in trade gift of father to son ? Comment from : Sidon Carvalho

I am major,and student of engineering college if my father gives me monetary gift more than 50 thosands by cheque from his tax paid income,whether any tax liability on such recd money attracts on my hand? Comment from : girish srivastava

Sir can my farher in law give 5 lac to my wife ?will it be taxable? Comment from : Pakhi-Niya

Sir mere papa Retired teacher the or unki death ho gayi hai or unke paise muje mile hai to kya vo taxable hai ? Comment from : PaRth Patel

Agar Beta videsh m h teb uske dwara diya gaya paisa par tex lagega Comment from : Anita Chadha

सर आपके जवाब के इंतजार में brसर मेरे पिता के नाम एक जमीन थी वह जमीन मैंने 25 लाख रुपए में पिताजी से खरीद ली चेक से पेमेंट करके उसके बाद मेरे पिताजी मुझे गिफ्ट में कुछ रुपए देना चाहते हैं कितना रुपया तक वह मुझे गिफ्ट में दे सकते हैं जो कि टैक्सेबल ने होbrमेरे पिताजी की अब उमर 85 वर्ष हैbr और वह अपने पोतो को भी क्या वह गिफ्ट में कुछ रुपया दे सकते हैं क्या जो टैक्सेबल नही हो Comment from : DESHI

Sir Kya real brother se kabhibhi gift cheque se Le ya to de sakte hai? Kya real brother ke liye RS ki inki limit hai? Kya sir gift deed banana jaroori hai? Kya gift denewala tax payer hona chahiye? Comment from : Shantilal Kachchhava

50k $ ya 50k rupee Comment from : The Learning platform

what about gift received from minor son Comment from : rohit Tekriwal

If anybody receives gift from foreigner 45 crores as he had donated kidney for him, brIt will be taxable or not Comment from : Sanjay Sinha

Sir what will happen if husband invest in name of wife from money received from provident fund maturity Will that be clubbed in husband's income Comment from : Prashant Kumar

Sr brother say koi gift le rhe hi by cheque to maximum kitne amt tk gift le sakte hi Comment from : Vikas AGRAWAL

Sir can I transfer money to my mother as a gift and do investment with her name Tax of invested profit will have to pay by her or it will be clubbed and have to pay by me?please reply 🙏 Comment from : prateek shrivastava

But what will be the Tax rate ? Comment from : SHAH NARESH ACCOUNATNCY

Good videobrIf I transfer 15 laks to my mother In law to enable her to invest in Sr Citizen saving schemebrIs money transferred to her is taxable to her Comment from : K B NAIR

If I received monetary gift from my son than which value of stamp papers required for income tax purposes Comment from : RAJ KUMAR BOTHRA

My father in law gift me a car, no ocassion is there Is it taxable and how to show car in my balance sheet? Comment from : umesh soni

My mother is getting a flat worth Rs 14 lakhs(market value) as gift from her COUSINplease calculate the income tax which will be levied on her Comment from : Sounak Basu

Sir muje brHongkong friend se 8lac or more fund lene he Comment from : Sundeep Mehton

Sir I need talk personally brPlz call me 8827986097 Comment from : Sundeep Mehton

If my cousin gift 20 lakh is it tax free Comment from : Waqqas Masleh

If I give gift of Rsten lac to my daughter, is it will tax free? Comment from : balwinder singh

Super Comment from : SUSHIL KUMAR JAIN

Sir if I received more than 50 k from my friend for some personal purpose and I return it back to him within this financial year is it taxable? Comment from : Dr Vipin

If my financial year income is 1,50,000 and in same financial year i got Rs1,00,000 gift from my friend without any occassionis it taxable ????? Comment from : Mak Vishal

Sir, i received money from my mother is it necessary for her to make a gift deed ? can she write on a normal piece of paper thet she has gifted me this money or is there a specific legal format ? or has ot to be written on stamp paper and registered or notarised ? Kindly reply soon Thank you Comment from : Kiran Buxi

if i transfer 3,00,000 lakhs to my sister's bank a/c ( bank to bank) is it taxable ????? Pls replay Comment from : Mak Vishal

Kitne per℅ tax hota hai Comment from : Sohail Sikligar

Sir , please know that , I have given Rs 15,00,000/- to my unemployed and married daughter as gift through NEFT in May 2020 and recorded it as GIFT in net banking transaction Should my daughter file ITR for receiving gift ? SIr , I request you to reply please Your answer will help many layman like me Thanks again Comment from : Jm Prabhu

Kya self gift tax able hai ?😂 Comment from : PRINSHYAM RAMESHAN

I got flat gift from my friend of 25 lac I have to pay tax now or when I sale that time and how much tax it would be Comment from : sanghviravi

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