TaxTMI 
TaxTMI 
hi all,
is deptt issuing notices on cash gift transactions between relatives exceeding a certain amount. for AY 2025-26 or 2026-27
notice issue on cash gift transactions
26 Mar 2025 
1 Reply 
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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. (AI Summary)
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. (AI Summary)