Sir,
It Assesses cash gift received from father Rs:2 lacs *4 times 4 different dates through on bank mode one financial year 20-21.
Question:
Assess how many times gift received one financial year allowed(any limit) in IT act.
Gift received from relatives is exempted from income tax.
There is no limit on amount of git received or how many times received.
One can receive multiple times and there is no issue.
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