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Transfeing of money to mother in law

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30 July 2018 Hi ,
My wife is house wife and doing small activities i.e. Tuition etc . In her initially career , she usually took the help from my mother . Now ,she is stable and return back there money who is senior citizen now . My Quarries are ,if she transferred 10 lacs , it is taxable to my mother hand ?

Thanking you .

30 July 2018 Not taxable gift to relative exempt.

30 July 2018 Thanks for responce




30 July 2018 No, it's not income you can either treat loan return or gift.

31 July 2018 thanks for response .



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