Received a Family Gift? Check the New 'Relative' Definition Under Income Tax Act 2025

| Last updated: 09 June 2026

Overview The Income Tax Act, 2025 has introduced an important clarification in the definition of "relative" for gift tax purposes, bringing greater certainty to taxpayers receiving gifts from family members. While gifts received from specified relatives continue to enjoy complete tax exemption rega
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CA Umesh Sharma

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Name: - UMESH RAMNARAYAN SHARMA. Residential Address: - 16, Motisagar, Samarthnagar, Aurangabad. Ph :- 2332846. Mobile:9822079900. Head Office Address: - R.B.Sharma Co. Chartered Accountants. Block No 7-10, 2nd Floor, Shangri-La Complex, Samarth Nagar, Aurangabad. Ph :- 2332511,2338388. Email:- rbsha ... Read more

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