Money recd. from blood relatives
by Cookoo on Apr 22, 2007 11:07 AM Permalink | Hide replies

Hi, My brother & sister are settled abroad. they want to give aprox.Rs.25lacs to help me getting a house for myself.I am a H/wife with no income.
kindly reply to:- coockoo@rediffmail.com
Thanks
CK.

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RE:Money recd. from blood relatives
by Amitabh on Apr 22, 2007 12:24 PM Permalink
Gifts received from relatives are exempt from tax without any limit.

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