Please Help: cash gift
Posted Date : 22-Jan-2015 , 08:42:23 pm | Posted By: Shubham
Category :
Income Tax | Answers :
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Comments :
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I am govt employee having 7 lac salary . I want give gift my relative in cash . But i not have any record/entry (i.e bank fd, loan to other person). How many amount can give gift my relative. Can i show that I have cash at home Rs 10 lac. |
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Posted By : ANURADHA AGRAWAL |
24-Jan-2015, 01:28:10 |
Dear Shubham ,
If you show Rs 10 lakhs cash at your home then you will have to clarify the excess amount that is Rs 3 laks (10 lakhs -7 Lakhs). |
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Posted By : Shubham |
23-Jan-2015, 03:43:14 |
Pls reply |
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