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Gift

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(Querist)
17 March 2018 My father in-law has received Land compensation from government, now he wants to give this amount to my wife ( means his married daughter)
Amount given by father to married daughter is taxable or he wants to give to my mature son means his daughter son
Regards
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 March 2018 not taxable regardless of whether it is given to the daughter or grand-daughte/grand-son. All covered under lineal descendants.
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RAJA P M

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RAJA P M (Expert)
18 March 2018 It's not taxable if daughter is married or unmarried.
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