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Gift received from a relative is not treated as taxable income

Gift received from a relative is not treated as taxable income

Monday, October 16, 2017, 6:04 PM

A gift received by an individual is not treated as taxable income if it is received from a relative (as defined in the Indian tax law). In case you are receiving the gift from any person who is not a relative as defined in the Indian tax law, the amount received would need to be offered by you to tax in India.
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