04 May 2016
No.1, Sali ka beta is not covered under relative so any gift above Rs. 50000/- is fully taxable. No.2, You can take gift from your sadu i.e. sister's husband as he is covered under relative but sadu first taking gift from his son and then making the same amount as gift to you may raise some income tax queries as to why the transaction was so routed. It is better to take gift from sali or sadu directly.
CAclubindia
