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gift transactions notice issued.

Sundaraiah kollipara

SIR,

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

Navigating Tax Implications: Gift Transactions Between Relatives and Potential Income Tax Department Assessment Protocols A tax department query regarding potential notices for cash gift transactions between relatives, specifically inquiring about income tax department practices for assessment years 2025-26 or 2026-27. The forum post seeks clarification on gift transaction reporting thresholds and potential departmental scrutiny of inter-relative monetary transfers. (AI Summary)
Income Tax
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