Cash gist >50000 p.a. is taxable However cash gift from relative is not taxable Learn definition of relative here http://teachoo.com/366/108/Gift-received-by-individual---HUF-(Section-56-(2)-(vi

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Dear Sir,My wife has received Gift as "Cash" from relatives (her brother"s son, My father"s brothers, her brother"s son) for repayment of housing loan and renovation of old flat. This cash was deposit

Cash gist >50000 p.a. is taxable