Are monetary gifts received by an individual or Hindu Undivided Family (HUF) taxable?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... anuals - Ans. If the following conditions are satisfied then any sum of money received ( i.e, monetary gift may be received in cash, cheque, draft, etc.) by an individual/ HUF will be charged to t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X