Exemption of gift deed -

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2012 Dear all

If my mother received a gift from my father's sister's husband. In hindi "fufaji". It is exempted in both the hands of donor and donee or not.

Please reply as soon as possible.

Querist : Anonymous

Querist : Anonymous (Querist)

09 June 2012 It is humble request you to all ..reply me as earlier as possible....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 June 2012 It is NOT taxable in the hands of your mother.

(Spouse of the sister) of the (spouse) of the (recipient) is covered in the definition of relative.

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