Topic: Have to pay tax for the gifts that I received from my husband and sister?

This message was edited 1 time. Last update was at 10/12/2009 14:41:18

I purchased house worth Rs.30.05 lac and my husband gifted me Rs.1.90 lac in cash & sister gifted me Rs.1.50 lac (Rs.1.00 direct to seller by Bank fund transfer and Rs.50,000 in cash, I want to know gift tax liability for donor/donee

gifts from direct relatives are fully exempt

Fields marked * are mandatory
Got a question?
Just fill in the following:
Name*		E-Mail*
Phone No.*		City
Message (up to 1000 characters)