Gift
This query is : Open
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
Amount given by father to married daughter is taxable or he wants to give to my mature son means his daughter son
Regards
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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