I have the following querries
1. Is money transferred to my account often by my son taxable in my hands?
2. Can it be treated as gift though there is no documentation to show that?
3. Is there a ceiling for gifts from son?
4. Is it treated the same way if the money is transferred by my daughter in law?
My wife and my wife are retired and some income from pension and Fds below tax limits. These remittance is done by my son and my daughtee-in-law to meet house hold expenses and pay ment of utility bills.