Your Questions Answered: Is financial help from relatives or charities for hospital expenses taxable?

Your Questions Answered: Is financial help from relatives or charities for hospital expenses taxable?

Donations received for family hospitalisation are considered gifts and are tax-free if under 50,000 rupees per recipient. Exceeding this limit makes the total taxable. Gifts from close relatives remain tax-free. Documentation of donors is essential to avoid high tax rates.