It department notice issued on cash gift transaction between relatives exceeding a certain amount of a.y.2025-26 or 2026-27
Your question is not clear. If department issues notice the assessee needs to prove its genuineness. Else it can be treated as unexplained cash credit & accordingly provisions can apply.
Cash gifts between relatives may be subject to specific tax rules and reporting requirements depending on the amount, the relationship between the individuals, and the relevant assessment year How to Fish. It is best to check the latest official Income Tax Department guidelines or consult a tax professional to clarify whether any notice or reporting obligation applies for AY 2025–26 or AY 2026–27.
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