Gift received from a relative, as defined in the tax laws, is not treated as taxable income3 min read 16 Oct 2017, 05:46 PM IST
A specified relative would include a spouse or siblings of a spouse, your siblings or siblings of either of your parents, etc
My relatives are going to send me about Rs4 lakh through Western Union for personal use from Malaysia. Should I pay tax on this income? If yes, kindly tell me the procedure for doing so. Currently, I am working in a private company and my salary level income does not require me to mandatorily file tax returns.
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