notice issue on cash gift transactions

[v s]

hi all,

is deptt issuing notices on cash gift transactions between relatives exceeding a certain amount. for AY 2025-26 or 2026-27

[DR.MARIAPPAN GOVINDARAJAN]

May be.

AI Summary

Cash gift notices may be issued when large intra-family cash transfers trigger tax scrutiny and assessment inquiries. The inquiry concerns potential issuance of notices for cash gift transactions between relatives exceeding a threshold for specified assessment years; the sole reply is tentative that such notices may be issued, indicating possible tax scrutiny of intra-family cash transfers but providing no definitive procedural or rule-based guidance.