close New Updated Classes on DT for final by CA Farooq On CCI Online Coaching   view more
Home > Experts > Income Tax > Relatives whom gift is permissible under i.t act


Please Wait ..

Sign-in to your account

Username:
Password:

Remember Me

Forgot your password?

Sign-up now


Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Relatives whom gift is permissible under i.t act (Income Tax)

Report Abuse
This query is : Resolved


( Author )
21 July 2012

 Sir,


Ramesh & Suresh both are own brothers, Ramesh son is Vivek and his (vivek's) wife is Rashmi.

Suresh wife is Anita.

1)Anita received gift from Rashmi (who is vivek's wife)

2)Rashmi received gift from anita

may i know
1)this is comes under Relative definition? and
2)if it comes that will club under provisions?


Siddhartha Bhardwaj

( Expert )
21 July 2012

 1. Anita & Rashmi are NOT relatives for the purpose of Section 56(2)(vii).

2. Clubbing provisions will NOT apply.



Previous
Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :








submit

Quick Links