November 20, 2013 12:25 pm
Sir, I am a govt. employee.
If my sister gives me a gift of Rs. 15,00,000/- and if I am depositing it into a bank then who should pay the tax and how?
Dear Sanjay, why is she not gifting it through Cheque. If tomorrow Taxmen knock your and her door, can both of you prove that the amount is legal? As such there is no Tax liability on merely depositing cash in one’s bank account.
Your email address will not be published. Required fields are marked *
Subscribe to FREE Video Course + FREE Ebook + Future Email Updates
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Join 1,60,000 email subscribers
FREE Video Lessons directly in your email daily
144 page PDF ebook with best articles from Jagoinvestor
Get future articles directly on your mailbox + updates
6 PART VIDEO COURSE
Check your Email and Click on the Confirmation Link
New here? Create an account